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New Strategies for Inner-City Economic Development


  • Michael E. Porter

    (Harvard Business School/Initiative for a Competitive Inner City)


Revitalizing America's inner cities requires an economic strategy to build viable businesses that can provide sorely needed, nearby employment opportunities. Economic development in inner cities will come only from recognizing the potential advantages of an inner-city location and building on the base of existing companies, while dealing frontally with the present disadvantages of inner cities as business locations. The economic potential in inner cities has been largely unrecognized and untapped. The private sector, which must play a central role in inner-city economic development, is just beginning to recognize this potential and has already begun investing. By improving perceptions and tackling long-neglected problems in the inner-city business environment, this trend can be accelerated. Government and community-based organizations have continuing, vital roles, but their efforts must be refocused from direct intervention to preparing and training the inner-city workforce and creating a favorable environment for business.

Suggested Citation

  • Michael E. Porter, 1997. "New Strategies for Inner-City Economic Development," Economic Development Quarterly, , vol. 11(1), pages 11-27, February.
  • Handle: RePEc:sae:ecdequ:v:11:y:1997:i:1:p:11-27

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    References listed on IDEAS

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    Cited by:

    1. Bates, Timothy & Robb, Alicia, 2008. "Analysis of young neighborhood firms serving urban minority clients," Journal of Economics and Business, Elsevier, vol. 60(1-2), pages 139-148.
    2. Sara C. Santos Cruz & Aurora A.C. Teixeira, 2007. "A new look into the evolution of clusters literature. A bibliometric exercise," FEP Working Papers 257, Universidade do Porto, Faculdade de Economia do Porto.
    3. Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2015. "Wave function method to forecast foreign currencies exchange rates at ultra high frequency electronic trading in foreign currencies exchange markets," MPRA Paper 67470, University Library of Munich, Germany.
    4. Murakami, Jin, 2010. "The Transit-Oriented Global Centers for Competitiveness and Livability: State Strategies and Market Responses in Asia," University of California Transportation Center, Working Papers qt19034785, University of California Transportation Center.
    5. Cuervo-Cazurra, Álvaro & de Holan, Pablo Martin & Sanz, Luis, 2014. "Location advantage: Emergent and guided co-evolutions," Journal of Business Research, Elsevier, vol. 67(4), pages 508-515.
    6. George Saridakis & Anne-Marie Mohammed & Sandra Sookram, 2015. "Does Crime Affect Firm Innovation? Evidence from Trinidad and Tobago," Economics Bulletin, AccessEcon, vol. 35(2), pages 1205-1215.
    7. Murakami, Jin, 2010. "The Transit-Oriented Global Centers for Competitiveness and Livability: State Strategies and Market Responses in Asia," University of California Transportation Center, Working Papers qt44g9t8mj, University of California Transportation Center.
    8. Timothy Bates, 2006. "Alleviating the lagging performance of economically depressed communities and regions," Proceedings: Community Affairs Dept. Conferences, Federal Reserve Bank of Kansas City, issue Jul, pages 1-16.
    9. Colleen Kamen & Christopher Behrer, 2012. "Navigating uncertainty and growing jobs: considering small employer firm resilience during challenging economic times," Community Development Investment Center Working Paper 2012-06, Federal Reserve Bank of San Francisco.

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