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Lessons from resurgent cities

Author

Listed:
  • Yolanda Kodrzycki
  • Ana Patricia Munoz

Abstract

In 2008, the Federal Reserve Bank of Boston began a project to help reinvigorate the city of Springfield, Massachusetts. This cross-departmental initiative uses the Boston Fed's research and convening capabilities to complement the efforts of other organizations dedicated to improving economic and social conditions in New England's fourth-largest city. As noted in an earlier joint Federal Reserve-Brookings Institution study, Springfield has one of the highest rates of concentrated poverty in the country: one-third of the city's poor live in neighborhoods where poverty rates exceed 40 percent. Thus, a particular focus of the Boston Fed project has been to support revitalization strategies that would enable more city residents, particularly those located in poor areas, to prosper. While the Boston Fed project focuses on the city of Springfield, we hope to devise approaches that can be replicated in other struggling mid-sized cites around New England and the nation. To this end, this essay reports on lessons learned from our research on older industrial cities that have adapted relatively well to economic challenges, and are recognized as vital communities today. We believe these \\"resurgent cities\\" provide relevant, inspiring insights on development strategies for urban America.

Suggested Citation

  • Yolanda Kodrzycki & Ana Patricia Munoz, 2009. "Lessons from resurgent cities," Annual Report, Federal Reserve Bank of Boston, pages 9-31.
  • Handle: RePEc:fip:fedbar:y:2009:p:9-31
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    File URL: https://www.bostonfed.org/publications/annual-reports/2009/lessons-from-resurgent-cities.pdf
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    Cited by:

    1. Yolanda K. Kodrzycki & Ana Patricia Muñoz, 2015. "Economic Distress and Resurgence in U.S. Central Cities," Economic Development Quarterly, , vol. 29(2), pages 113-134, May.
    2. Marques Benton & Lynn E. Browne & Sol Carbonell & Prabal Chakrabarti & DeAnna Green & Yolanda Kodrzycki & Ana Patricia Munoz & Anna Steiger & Richard Walker & Bo Zhao, 2011. "Housing policy and poverty in Springfield," Public and Community Affairs Discussion Papers 2011-1, Federal Reserve Bank of Boston.
    3. Marques Benton & Lynn E. Browne & Prabal Chakrabarti & DeAnna Green & Yolanda Kodrzycki & Ana Patricia Munoz & Richard Walker & Bo Zhao, 2010. "Does Springfield receive its fair share of municipal aid? : implications for aid formula reform in Massachusetts," New England Public Policy Center Working Paper 10-4, Federal Reserve Bank of Boston.
    4. Hilary Botein & C Patrick Heidkamp, 2013. "Tax lien sales as local neoliberal governance strategy: The case of Waterbury, Connecticut," Local Economy, London South Bank University, vol. 28(5), pages 488-498, August.

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