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Investing in Our Communities Partnerships Community Sustainability Competitiveness Knowledge Economy A Business Civic Leadership Center Report Published December 2008 AN AFFILIATE OF THE U.S. CHAMBER OF COMMERCE
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Page 1: Partnerships Investing in Our Communities · school. The result is that places like Austin, Boston, Boulder, Raleigh-Durham, and the San Francisco Bay Area are today’s hotbeds of

Investing in Our CommunitiesPartnershipsCommunitySustainabilityCompetitivenessKnowledge Economy

A Business Civic Leadership Center ReportPublished December 2008

AN AFFILIATE OF THEU.S. CHAMBER OF COMMERCE

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Business Civic Leadership

• TheMainStreetInvestmentAgenda:HowCompaniesAre HelpingU.S.CommunitiesAdapttoToday’sChallenges,by StephenJordan

Community by Community

Atlanta, Georgia

• CorporateEntitiesandSustainableEfforts,ByRhondaMims, INGFoundation •VolunteerismandAtlanta-areaBusinesses, ByShawnReifsteck,PointsofLightInstitute

Chapel Hill, North Carolina

•NewRealities,NewOpportunities,ByAaronNelson, ChapelHill-CarborroChamberofCommerce

•BuildingCross-sectorInitiativesforaSustainableCommunity, ByAnneMcKune,FoundationforaSustainableCommunity

• SPECIALFEATURE:CommunityInformationSharingbythe InternationalEconomicDevelopmentCouncil

Newark, New Jersey

• InvestinginthePresent—andFuture—ofNewark, ByDariaPlacitella,PNCFinancialServicesGroup

• SPECIALFEATURE:CommunityInformationSharingbythe InternationalEconomicDevelopmentCouncil

• TeachingLifeSkillstoWestSideHighStudents,ByCarolyn Berkowitz,CapitalOne

T A B L E O F C O N T E N T S

Investing in Our Communities

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Overview of Corporate Community Investment

• TheMainStreetInvestmentAgenda:HowCompaniesAre HelpingU.S.CommunitiesAdapttoToday’sChallenges,by StephenJordan

Community by Community

Atlanta, Georgia

• CorporateEntitiesandSustainableEfforts,ByRhondaMims, INGFoundation • VolunteerismandAtlanta-areaBusinesses, ByMichelleNunn,PointsofLightInstitute

Chapel Hill, North Carolina

•NewRealities,NewOpportunities,ByAaronNelson, ChapelHill-CarborroChamberofCommerce

• BuildingCross-sectorInitiativesforaSustainableCommunity, ByAnneMcKune,FoundationforaSustainableCommunity

• SPECIALFEATURE:CommunityInformationSharingbythe InternationalEconomicDevelopmentCouncil

Newark, New Jersey

• InvestinginthePresent—andFuture—ofNewark, ByDariaPlacitella,PNCFinancialServicesGroup

• SPECIALFEATURE:CommunityInformationSharingbythe InternationalEconomicDevelopmentCouncil

• TeachingLifeSkillstoWestSideHighStudents,ByCarolyn Berkowitz,CapitalOne

Palm Beach County, Florida

• CorporateCommunityInvestmentPaysValuable Dividends,ByMaryWong,OfficeDepotFoundation

• City,Business,andSchools:UniqueOpportunitiesfor Partnership,ByMarjorieFerrer,DelrayBeach DowntownMarketingCooperative

•UncoveringUnlimitedPossibilities,ByKellySmallridge, PalmBeachCountyDevelopmentBoard

Silicon Valley, California

• EntrepreneurialSolutionsforSiliconValley’sChallenges, ByDiptiPratt,EntrepreneursFoundation

•PartnershipstoImproveInfrastructure,ByCarlGuardino, SiliconValleyLeadershipGroup

The Final Word

• BacktoBasics:TheFinancialCrisisRequiresaParadigmShift, ByJoelKotkin,ChapmanUniversity

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2 • A Business Civic Leadership Center Report

The Main Street Investment Agenda: How Companies Are Helping U.S. Communities Adapt to Today’s Challenges

By Stephen Jordan

Thechallengeandopportunityofourtimeis:Howdowehelpourcommu-nitiesandcompaniesadapttotheforcesshapingourera?And,howdowehelppeoplerealizethatcompaniesareagentsofpositivechange?

Communitiestodayareadaptingtoanumberoftrends.Thesetrendsinclude:

• Populationshifts • Anincreasingdisconnectbetweenpoliticaland social/economicboundaries • Higherdemandforeducationandworkforce-development services • Moreunhappinessoverthehome-transportation-officeequation • Risingconcernsabouttheenvironment,qualityoflife, andsustainability • Anincreasingnumberofcommunityactivistgroupsand nonprofitorganizations

Asacountry,wearenotjustdealingwithonetransformativetrend;wearedealingwithanumberofthem.Theyareallhappeningatthesametime,creatinglayeruponlayerofissuestoconfront.

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December 2008 • 3

Population Shifts

TheUnitedStatesisbecomingmorediverse,older,andmoredecentralized.Fortymillionciti-zenstracetheiroriginstoHispanicroots.SchooldistrictsinsuchdistinctgeographiesasFairfaxCounty,Virginia;LosAngeles,California;andMi-ami,Floridahavetotakeintoaccountnumerousethnicities,languages,andcultures.

Lifeexpectancycontinuestoincrease,asthelargestgenerationinhistory—70millionBabyBoomersstrong—getsreadytoretire.PlaceslikeAtlanta,Houston,LasVegas,andPhoenixcontinuetospreadout.Theyarenolongerthesameplacesthattheyweredesignedtobeagenerationortwoago,notnecessarilybecausetheirinhabitantshavemovedout,butbecausesomanynewpeoplehavemovedin.

CompaniesasdisparateasAT&T,CVSCaremark,Erickson,HealthCareServiceCorporation,IBC,andIBMaredealingwithdifferentaspectsofthesephenomenainnewanddifferentways,offeringnewproductsthroughnewvehiclesofcommunication,empoweringemployeesandhelpingthemtobuildparallelcareersincommu-nityservice,andworkingwithcommunitylead-erstoanalyzeneighborhoodneeds,communityintegration,andinter-generationalrelationshipbuilding.

An Increasing Disconnect between Political and Social/Economic Boundaries

Atthesametimethatmanyurbancentersaregettingmorecompact,theirmetroareasareexpanding.Detroit,with800,000people,ishalfaslargeasitwas50yearsago.

Buffalo,Cleveland,Flint,andPittsburghhavealllostsignificantpercentagesoftheirpopulation.

Washington,D.C.,haslost50percentofitspop-ulationinthelast50years,butgreaterWashing-tonnownumbersmorethan4millionpeople.

Atlantadoesnotmakethelistofthe25-largestcities,butgreaterAtlantacountsmorethan5millionpeople.ThesamegoesforMiami.Meanwhile,wehaveghosttownsinmanypartsofruralAmerica,andchamberofcommerceleadersinsmalltownsfromMinnesotatoOkla-homatellustheyhaveahardtimekeepingtheiryoungpeople.

Companiesarepartandparcelofthischang-inglandscape.EmployersinNorthernVirginiaworryaboutcommutingtimesfromsuburbanMarylandandartsandculturalsitesinD.C.TheAlleghenyCouncilinterfaceswithnumeroustownshipsacrossthePittsburghmetroarea.TheeconomicandsocialgeographyofCharlottehasasmuchtodowithSouthCarolinaasitdoeswithNorthCarolina.

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4 • A Business Civic Leadership Center Report

Theresultisthatcompaniesarefindingthem-selvesintheroleofbridgingdifferentpoliticaljuris-dictionstoworkoncommonregionalchallenges.

Higher Demand for Education and Workforce-Development Services

Officialsfromcompaniesofallsizeslamentthelackofavailabilityofaknowledgeableandskilledworkforce.

Infact,theunfilled-jobsrateisexpectedtobehigherthantheunemploymentrateinthenext10years.TheU.S.Chamber’sInstituteforaCom-petitiveWorkforcehaspublishedareportcalledLeadersandLaggards,whichcallsattentiontothedifferentialsineducationthatmanygeogra-phieshavetoface.

Companies,likeAllstateInsuranceCompany,GlaxoSmithKline,KPMG,andPNCFinancialServicesCompany,arerespondingbyinvestingmillionsofdollarsincradle-to-graveeducationopportunities,fromearly-childhoodeduca-tionthroughK–12,college,andevengraduateschool.

TheresultisthatplaceslikeAustin,Boston,Boulder,Raleigh-Durham,andtheSanFranciscoBayAreaaretoday’shotbedsofinnovation,entrepreneurship,design,strategy,andengineering.Theirchiefbusinessasset?Theiruniversities.Communitycolleges,continuingeducationprograms,TeachforAmerica,SCORE,andothertraining,mentoring,andskills-developinginstitutionsarealsoreceivingincreasingcorporatesupport,becauseitiswidelyknownthateffectiveeducationisoneofthemostpowerfulpoverty-reduction/community-buildingsystemswehaveavailable.

More Unhappiness over the Home-Transportation-Office EquationFromSeattleandMinneapolistoL.A.andWash-ington,D.C.,companiesingeographiesacrossthenationarere-examiningthewaycommuni-tiesarebuilt.Studiesaboutemployeequalityoflifeandlosttimeduetotrafficcongestionareraisingawarenessaboutthestressescausedbytherelationshipbetweensiteselection,adequatetransportationinfrastructure,andaffordablehousing.

Companiesarerespondinginavarietyofways.ManyareexploringICT(informationandcommunicationstechnology)solutionsliketelecommutingandteleconferencing.Othersareinvestinginincentivestousepublictransportationorcarpooling.Stillothersaremoreactivelyengaginginlocalcommunitydesignandplanningprocesses.

Rising Concerns about the Environment, Quality of Life and Sustainability

Oneofthebiggesttrendsthatemergedoverthispastyearwasanincreasingfocusontheenvironment,qualityoflife,andsustainabilityfactors.

Sustainabilityisbecominganissuethatwillhaveaprofoundre-orderingeffectoncommu-nityplanning,infrastructuredevelopment,sup-plychainmanagement,andtravelandtourism,tonamejustafewofthedisciplinesthatwillbeaffectedbyincreasedconcernoverclimatechange.

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December 2008 • 5

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6 • A Business Civic Leadership Center Report

Companiesandcommunitiesaresortingthroughchallengeslike:Whoisresponsibleforwhat?Howdowecope?Howdoweadapttorealizethefullpotentialofsustainabledevel-opment?ItisasthoughsomeonecirculatedamemototheentireFortune1000businesscom-munity,becausealmosteverysinglecompanythatweworkedwithin2008announcedsomekindofsustainabilityinitiative.

Ofcourse,manypioneershadinvestedinsomeformof“green”programlongbefore:Weyer-haeuser’scorporateheadquartersisamonu-menttogreendesign.UPShasbeentrackingitscarbonfootprintandothersustainabilityfactorsforyears.AttheGreenCommunityexpo,spon-soredinpartbytheHomeDepotFoundation,attheNationalBuildingMuseum,itwasfascinat-ingtoseehowcompanieswerecontributingtogreencommunitiesasdiverseasGreensburg,Kansas,andMendoza,Argentina.

An Increasing Number of Community Activist Groups and Nonprofit Organizations

Anothersignificanttrendthisyearwasagrow-ingawarenessoftheimportanceandinfluenceofnonprofitandcommunitygroups.

CompaniessuchasAccenture,BoozAllenHamil-ton,andtheOfficeDepotFoundationsponsoredevents,producedreports,andhostedforumstohelpbuildnonprofitorganizations’capacitytofulfilltheirmissionsandtobringcommunitygroupstogether.

AsDianeAviv,presidentofIndependentSec-tor,noted,thenumberofnonprofitgroupsintheUnitedStateshasexploded(therearemorethan1.4millionatthetimeofthiswriting),whilecharitablecontributionstothosegroupshavegrownatamuchmoremodestrate.Thisdichotomybetweenneedandresourceshascausedmanypeople,notjustcorporatelead-ers,toscrutinizethenonprofitsectortoidentifywaystoimprovetheefficiencyandprofessionaldeliveryofneededservices.

Thoughlargelyignoredinthenationalmedia,partnershipsbetweenbusinesses,nonprofits,andpublicentitiesareatthefrontlinesofad-dressingcommunitychallenges.And,whiletheymightnotgetmuchcredit,businessesarealsosomeofthemostsignificantcontributorstolo-calcommunitydevelopment.

Outlook

Intheevolutionofadaptingtotoday’schal-lenges,Ibelievethatwewillseeseveralnewdevelopments.

First,Ithinkthatknowledge-economyinterestsandcommunityinterestsareconverging.Indi-vidualshaveneverbeensoempoweredormoremobile.Paradoxically,thismeansthat“place”mattersevenmore.OneoftheSASInstitute’srecruitingtoolsisthequalityoflifeinCary,NC.SanFrancisco,Seattle,andotherpartsoftheBayAreaalsohavebenefitedfromthisphenom-enon.

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December 2008 • 7

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8 • A Business Civic Leadership Center Report

“Edu-capitalism”mayhavebeenpioneeredbyMITandStanfordgrads,butAustin,BatonRouge,andCharlottesvilleareharbingersofwhatmaylieinstoreforotheruniversitytowns,andweareonlyintheearlystagesofcommu-nity“armsraces”inquality-of-lifecompetitionsforhighlyskilled,highlyeducatedworkers.

Second,theCommunityReinvestmentAct(CRA)andotherhousingandurbandevelopmentpoliciesneedtobeoverhauledandupdated.CompaniesareadvancingthespiritofCRAbyinvestingintherevitalizationofpoorneighbor-hoodsandincreasingtheopportunitiesavailabletothepeoplelivinginthem,buttheliteralistsoftenreward“bricksandsticks”investmentattheexpenseofthis“soft”investmentineduca-tionandsustainability.

Third,manycorporatecitizenshipandCSRprogramsaretrendingtowardbecominglong-termbusiness-developmentofficesfortheircompanies.CSRofficersarestudyingexternalcommunityfactorswithmoreofabusinesslens.Crime,longcommutes,poorenvironmentalconditions,fewcommunityamenities,andpooreducationorhealthcareservicesallaffectbusi-nesses’competitiveconditions.Companylead-ersarebeginningtorealizetoafullerextentthattheirbusinessesdonotoperateinavacuum,andthatexternalaffairsrequireprofessionalmanagement,notphilanthropy.

Fourth,companiesaredemandingincreasedvisibilityaboutcommunitytrendsandfuturecommunity-developmentobjectives.Compa-niesdonothavethebigbucksthatgovernmentagencieshavetoaddresssocialfactors,sotheyareincreasinglyfocusingonwheretheycanaddcomplementaryvalue.Todothiswell,community-developmentpatternsneedtobemoretransparent.Companyofficialsrepeatedlytellustheyneedtobepartofthedevelopmentprocess,notjustpresentedwithfaitsaccomplis,likeanewchildren’shospitalormuseumwing,andthenaskedtopayforthem.

Todothiswell,community-developmentpat-ternsneedtobemoretransparent.Companyofficialsrepeatedlytellustheyneedtobepartofthedevelopmentprocess,notjustpresentedwithfaitsaccomplis,likeanewchildren’shos-pitalormuseumwing,andthenaskedtopayforthem.

Finally,thecollapseoftheenergy,housing,andfinancialbubblescannotbeignored.Manycompaniesandcommunitiesaregoingtofaceresourceconstraintspreciselywhensocialconditionsmayrequireadditionalinvestment.Intheshortterm,thiswillexacerbatethepressuretomakecommunity-investmentpracticesmoreefficient,butitwillalsomakethesharingofef-fectivecommunitypracticesmorevital. Weareatthedawnofanewnationalproject:therestructuringoftheUnitedStatesand,byextension,therestoftheworld,toaddresspowerfulnewtrendsaffectingcommunityandeconomicdevelopment. Itisonlyprudentthatwehaveanationalconver-sationtoanalyzewhatishappeningandhowtoputourselvesinthebestpositiontomaximizethebenefitsfromtheseforcesandminimizetheircosts. Asthispublicationwillshow,manycompaniesandcommunitiesarealreadytakingstepstoaddresstheseissues.Ourhopeistoencour-ageanddisseminatethemosteffectiveofthesepractices.

Finally,thecollapseoftheenergy,housing,andfinancialbubblescannotbeignored.Manycompaniesandcommunitiesaregoingtofaceresourceconstraintspreciselywhensocialcon-ditionsmayrequireadditionalinvestment.Intheshortterm,thiswillexacerbatethepres-suretomakecommunity-investmentpracticesmoreefficient,butitwillalsomakethesharingofeffectivecommunitypracticesmorevital.

Weareatthedawnofanewnationalproject:therestructuringoftheUnitedStatesand,byextension,therestoftheworld,toaddresspowerfulnewtrendsaffectingcommunityandeconomicdevelopment.

Itisonlyprudentthatwehaveanationalconver-sationtoanalyzewhatishappeningandhowtoputourselvesinthebestpositiontomaximizethebenefitsfromtheseforcesandminimizetheircosts.

Asthispublicationwillshow,manycompaniesandcommunitiesarealreadytakingstepstoaddresstheseissues.Ourhopeistoencour-ageanddisseminatethemosteffectiveofthesepractices.

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December 2008 • 9

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December 2008 • 11

Atlanta, GeorgiaAtlanta is home of the world’s busiest airport and the fifth largest concentration of Fortune 500 companies in the nation.

-Metro Atlanta Chamber of Commerce

Total Pop.486,411(2006est.)

Pop. Increase16.8%(2000–2006)

People with Bachelor’sDegree or Higher34.6%(2000)

People with High School Diploma76.9%(2000)

Median Household Income$34,770(1999)

Persons below Poverty24.4%(1999)

Total Number of Firms43,576(2002)

Avg. Commute to Work28.3minutes(2000)

The data represent only the city of Atlanta and not the whole of the metro area.

(Source: U.S. Census Bureau State & County QuickFacts)

OnJuly30,2008,agroupofBCLCstaffmembersgatheredwithofficialsfromtheAtlantaregion’sbusiness,civic,andgovernmentsectorsattheINGheadquarterstodiscusscorporateinvestmentinthecommunity.Thegoalwastouncoverspecificchallengeswithinthecommunityandexploretherolethebusinesssectorcanplayinaddressingthem.Amongtheissuesmentionedweresustainability,sprawl,at-riskyouth,education,conservation,andinfrastructure.Somearediscussedfurtherhere.

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12 • A Business Civic Leadership Center Report

Corporate Entities and Sustainable Efforts

By Rhonda Mims

Atlanta, Georgia

Whatroledocorporationsplayinshapingourcommunities?Toanswerthisquestion,ING,inpartnershipwiththeBusinessCivicLeadershipCenter(BCLC),hostedacorporatecommunityinvestment(CCI)foruminAtlantaduringthesummerof2008.

Corporate-responsibilityleadersfromcompaniesinmetroAtlanta,suchasGeorgiaPacificandCocaCola,aswellasofficialsfromareachambersofcommerceandtheEconomicDevelopmentAdministration,gatheredtodiscusshowcivicandbusinessleaderscouldjoineffortstoaddressenvironmental-sustainabilityactivitiesinthecommunity.

What We Learned

ING,alongwithothercorporateandcommunityleadersinAtlanta,isuniquelysituatedtohelpmovebeyondadiscussionandtowardaction.Alloftheparticipantsintheforumagreedthatsustainabilityisaleadingconcernthatrequiresourimmediateattention.

Theforumwasthefirststepincapturingideastomoveforward.Weagreedtocontinueoverthenextyeartolookatnewapproachestosustainablecommunitydevelopment.WiththesupportofBCLCandtheU.S.ChamberofCommerce,INGwillplayaleadingroleindevelopingapublic-privatepartnershipinmetroAtlantathatcanbeamodelforothercommunities.

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December 2008 • 13

How ING Mitigates Its Environmental Impact

INGhastakenstepstodecreaseourcarbonfootprint.In2007,webeganpurchasingmorethan75millionkilowatt-hours(kWh)ofgreenpowerannually—enoughgreenpowertomeet100percentofourcompany’spurchasedelectricityusedforourU.S.operations.

Thispurchaseofrenewableenergyalsoisequivalenttoavoidingthecarbonemissionsofnearly10,000passengervehiclesperyear,andcorrespondstotheamountofelectricityneededtopowermorethan7,000averageAmericanhomesannually.

Whilepurchasinggreenpowerhelpsourcom-panybecomemoresustainable,wehopewearesendingamessagetoothercompaniesacrosstheUnitedStatesthatsupportingcleansourcesofelectricityisasoundbusinessdecisionandanimportantchoiceinreducingclimaterisk.

Butthat’sjustonecomponentofourenvironmentalstrategy.

Wealsoarefocusingonwaystoreduceourenvironmentalimpactthroughwastereductionandenergy-efficiencyinitiatives,theadditionofnewrecycled-paperoptionsforalloffices,morerobustrecyclingprograms,andeco-friendlyprocurementpractices.Agrassroots,employee-ledteamcalledOrangeGoesGreenisalsohelpingtobuildawarenessamongouremployeesabouthowtheycanlive“greener”atworkandhome,includingsupportingenvironmentalvolunteeropportunities.

Everyone Can Promote a Healthy Environment

Theroleofcorporateentitiestoaddressenviron-mentalsustainabilityisanimportantone.Morethanever,customers,investors,businesspart-ners,andemployeesareevaluatingcompaniesontheirsustainabilitypractices.

Wehavelearnedthatmunicipalauthoritiesandcivicentitiesareenergizedandreadytolendalisteningearandtakeactionwhencorporateinvolvementispresent.

Itisimperativeforrepresentativesintheorga-nizationsthatarechampioningsustainabilityeffortstoleveragetheopportunitytopartnerandempowerourcommunitiestobemoreenviron-mentallyconscious.

Rhonda Mims is president of the ING Founda-tion and senior vice president of ING’s Office of Corporate Citizenship and Responsibility.

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14 • A Business Civic Leadership Center Report

Volunteerism and Atlanta-area Businesses

By Shawn Reifsteck

Atlanta, Georgia

Millionsofpeopleinourcountrygivetheirtime,talent,andenergytohelpothers.Businesseshaveplayedanintegralroleincontributingtosocialcausesforthepasttwocenturies,andemployeevolunteersofferunparal-leledresourcesthatenablethemtogiveback.

Formorethanadecadenow,corporatecitizenship,includingworkplacevolunteering,hascontinuedtogainprominence.Astoday’scompaniesfaceaglobalbusinessmarketcharacterizedbyincreasingcompetitionfromava-rietyofsources,theneedtofunctionmoreefficientlyanddifferentiatefromothersisabusinessimperative.

Momentumisgainingamongbusinessleadersbelievingthatcompaniescanplayanimportantroleinconnectingcommunities.Theyalsounderstandthatanunhealthycommunityisgoodfornoone—employees,families,orcustomers.And,despiteeconomicshifts,thebusinessvalueofcorporatevolunteerismhasneverbeenstronger.Why?

Itmakesstrategicbusinesssense,inbothgoodanduncertaintimes.ChoicePoint,aLexisNexiscompanywithalargepresenceintheAtlantaregion,isonecompanywhoseleadershaverecognizedboththemanifoldbenefitsofcontributingtotheirlocalcommunitiesandthetremendousop-portunitiespresentedbythecurrentfinancialsituation.

Withfullsenior-managementparticipationinChoicePoint’svolunteerpro-gram,morethan30percentofassociatesvolunteerannually.Workinglatenightsandweekends,volunteerscreatedamissing-childrenalertsprogramfortheNationalCenterforMissingandExploitedChildren.Todate,nearly900missingchildrenhavebeenreturnedtotheirlovedonesasaresultofthetechnologycreatedanddonatedbyChoicePoint.

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December 2008 • 15

UPS,anotherAtlanta-basedcompany,haslever-ageditsemployeestocollectivelydonatehun-dredsofthousandsofhourseachyeartophilan-thropiccausesthroughitsNeighbortoNeighborprogram.

Forthepastthreeyears,thousandsofUPSem-ployeesinmorethan45countrieshaveservedtheircommunitiesduringUPSGlobalVolunteerweek,anextensionofthecompany’slongstand-ingcommitmenttoservice.Employeeshavehelpedpaintschools,assistedfoodbanks,renovatedshelters,andservedothermeaningfulcauses.

UPSleadershaverecognizedthepotentialforenhancingthehealthoftheircommunitiesandhavedecidedtocapitalizeonthisopportunity,tothebenefitofboththecompanyandcitizens.

ChoicePointandUPSarejusttwoexamplesofAtlanta-areacorporationsthathaverealizedthevastadvantagesofcontributingtocommunities.

Thesecompanieshavedemonstratedunwaver-ingcommitmentstoemployeevolunteerism,despiteanunstableeconomyandatimeoftran-sitioninpolitics.

Volunteerismhasmadeenormousstridesinrecentyears,withAmericansdedicating60.8billionhoursofservicein2007.However,thereisstillworktobedone,andthecorporatesectoroffersendlessopportunitiesforvolunteerismandcommunityengagement.

Businessescanaidinsolvingserioussocialproblemssuchaspoverty,pooreducationsystems,andthepollutedenvironmentthroughemployee-volunteerprogramsandpro-bonoservice.Corporationscanandshouldleadthenationindemonstratingthesignificanceofper-severingincommunityactivismduringuncer-taintimes.

Shawn Reifsteck is the president of the Points of Light Institute

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December 2008 • 17

Chapel Hill, North CarolinaAs one of the three “points” of the Research Triangle, Chapel Hill, along with Raleigh and Durham, continually receives accolades for being a top location to live and do business.

–Chapel Hill-Carrboro Chamber of Commerce

TheChapelHill-CarborroChamberofCommerceco-hostedwithBCLCaconferenceofnationalandlocalbusiness,government,andcommunityleadersonJuly21–22,2008.WiththeChapelHillchamberandcommunitycomingoffarecentwinatthe2008SiemensSustainableCommunityAwardscompetition,thetopicoftheconferencewassustainability.Thediscussioncontinueshere.

Total Pop.50,000(2006est.)

Pop. Increase4.2%(2000–2006)

People with Bachelor’sDegreeorHigher73.7%(2000)

People with High SchoolDiploma94.3%(2000)

Median Household Income$39,140(1999)

Persons below Poverty21.6%(1999)

Total Number of Firms5,595(2002)

Avg. Commute to Work18.4minutes(2000)

The data represent the city of Chapel Hill and not the whole of the Research Triangle Park area.

(Source: U.S. Census Bureau State & County QuickFacts)

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18 • A Business Civic Leadership Center Report

New Realities, New Opportunities

By Aaron Nelson

Chapel Hill, North Carolina

Ournation’scommunitiesarechangingasourcitizen,government,andbusinessleadersexpressincreasinginterestinaligningthemselveswiththeglobalmega-trendsof“green”and“sustainable.”

Thebusinesscommunityshouldplayastrongleadershiproleintheareaofsustainability,butbusinessescannotleadthiseffortalone.Buildingstrongandsuccessfulcommunitiestakescoalitionsandpartnerships—andcham-bersofcommercearetheorganizationsuniquelyqualifiedandpositionedtoleadtheseefforts.

Chambershavespecialabilitytoconvenetheircommunitiesaroundimpor-tantissues,astheyhaveuniqueaccessandcredibilitywithleadersacrossthebusiness,civic,social,education,government,andpoliticalspectrums.

Chambersknowbusinessandeconomicissuesbest,buttheirservicetotheirnonprofitmembers,supportandpromotionoftheirbusinessmem-bers’corporatecitizenship,andtheirchamber’sowncommunity-develop-mentactivitiesgiveusastrongunderstandingofcivicandsocialchallenges—andopportunities,aswell.

Tosuccessfullyconvenethesecoalitions,wehavetofocusonoursharedinterests,ratherthanhistoricand/ordivergentpositions.Ourchamberbelieveswecansimultaneouslyimprovethewayindividualsandorganiza-tionsengagetheircommunityandengagetheirenvironmentwhilemakingthemmoresuccessfulforit.

Communitiescanonlybesuccessfuloverthelong-termiftheyfindwaystobalancetheheretoforecompetingobjectivesofenvironmentalstewardship,socialresponsibility,andeconomicprosperity.

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Chapel Hill, North Carolina

December 2008 • 19

Sustainabilityisnotjustaprescriptionforcom-munitysuccess;organizationsthatbalancethistriplebottomlineofsustainabilitywillberewardedinourchangingeconomy,aswell.Today’scustomersandemployeesaredemon-stratingagreaterinterestinsupportingbrandsandcompaniesthatsharetheirvalues.Thecostsofenergyandrawmaterialsareincreasingdra-matically,andthesocialhealthofacommunityhasanincreasingimpactonemployeeretentionandproductivity.

Inthefaceoftheserealities,smartbusinessleadersareimprovingtheircommitmenttotheprincipalsofsustainabilityinordertobothmakeandsavemoney.

Historically,chambershavehadpoorandoftenadversarialrelationshipswiththeenvironmentalcommunity.Butthatischangingasenviron-mentalistsrecognizetheywillgetmorefrompartnershipandcooperationthantheywillfromcontinuingthehistoricstrategyofscoldingandblame.And,businessleadersseeenvironmentalstewardshipmoreandmoretobeintheireco-nomicself-interest.

Locally,theChapelHill-CarrboroChamberhasfoundthatchampioningsustainabilityhashad

adramaticallypositiveimpactonourcredibilityandinfluenceamongelected,civic,andsocialleaders.Italsohasimprovedourabilitytomoveourpublicpolicyandcommunity-developmentagendaforward.

Additionally,wearerewardedbyourmembersforprovidingthemwithactionableinforma-tionaboutimprovingtheirsustainablebusinesspractices,helpingthemdifferentiatethemselvesinaincreasinglycompetitivemarketplace,andgivingthemnewtoolstomakeandsavemoney.

“Green”isbigandlikelyheretostay.Expand-ingthenotionof“green”to“sustainable,”amoreholisticapproachthatalsoincludessocialandeconomicobjectives,isafarmorepowerfulconceptandimpactfulapproach.

Chambersshouldtakethelead,definetheobjec-tives,ownthespacearoundsustainability,anduseitasaconcepttoconvenethecommunitytosuccessfullyaddresscurrentandfuturechal-lengesandopportunities.

Aaron Nelson, IOM, is the president and CEO of the Chapel Hill-Carrboro (NC) Chamber of Commerce.

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20 • A Business Civic Leadership Center Report

Building Cross-sector Initiatives for a Sustainable Community

By Anne McKune

Chapel Hill, North Carolina

Sustainabilityisatermthathasbeencreepingintothemainstreamlexiconforsometime.Althoughstakeholdersstillargueoverthedetails,thereisaconsensusaroundtheinclusionofthreemainthemesintothedefinition:business,environment,andsocietyorculture.

Thesethreethemesareoftenreferredtoasthetriplebottomlineofcom-munitysustainabilityandarecategorizedindifferentways:thethree“Es”ofeconomics,environment,andequityorthethree“Ps”ofpeople,planet,andprofit(orperformance).

Regardlessofhowthetopicsarediscussed,itisunderstoodthatthethemesareinterconnected.Whereyoufindcommunitieswithpooreconomicgrowth,youoftenfindfailedsocialsystems;whereyoufindaweaksocialsector,so,too,istheenvironmentfrequentlyatrisk.

Seldomarechallengesthatcommunitiesfacesingle-sectorissues.Moreoften,ittakesacross-sectorapproachtotacklecommunitychallengesinasuccessful,long-termway.

Cross-sectorcollaborations,similartopublic-privatepartnerships,areapproachestocommunitydevelopmentthatallowmultiplesectors—towns,businesses,universities,andnonprofits—toworktogethertowardacommonlysharedgoalbysharingresourcesandsharingrisk.Bydoingso,theyareabletoincreasethereturn/valuethateachpartnerreceivesandultimatelycreatemorepowerfuloutcomesforthecommunityasawhole.

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Chapel Hill, North Carolina

December 2008 • 21

Whenitcomestoissuesregardingsustain-ability,thechallengesposedtoeachsectorcanbeverydifferent.However,across-sectorapproachallowsacommunitytoharnessthecapital,skills,andenthusiasmofmultiplepart-nersinordertomoreefficientlyandeffectivelyaddresschallengesandopportunities.

TheU.S.ChamberBCLCpartneredwiththeChapelHill-CarrboroChamberanditsFounda-tionforaSustainableCommunitytodiscusswhattheResearchTriangleregionofNorthCarolinaisdoingtobecomealeaderincom-munitysustainability.

Thediscussionhighlightedonecross-sectorinitiativethatisworkingtochampionthecause.TheInstituteforSustainableDevel-opmentwascreatedin2007whenmultiplepartnersrealizedthattheycouldachievemorebycollaboratingwithoneanotherthanbycom-peting.

Auniquepartnershipofseveralinternationallyrecognizedentities,theInstituteforSustain-ableDevelopmentimprovesknowledgeand

Partners in the Institute for Sustainable Development:

• ChapelHill-CarrboroChamber

• DukeUniversityCenterforInternationalDevelopment

• DurhamChamber

• FenwickFoundation,theFoundationforaSustainableCommunityGlaxoSmithKline

• UniversityofNorthCarolinaatChapelHillCenterforGlobalInitiatives

• UniversityofNorthCarolinaSchoolofSocialWork

applicationofbestpracticesinsustainabilityandinfluencessustainable-developmentpolicy.Thein-tellectualcapitalthatlocaluniversitiesareprovid-ingtheResearchTriangleregion,withfacultyandstudentresearch,isaninvaluableandpreviouslyuntappedresourceforthelocalsmallbusinesses.AndtheInstituteisbeginningtomakethosecon-nections.

TheInstituteforSustainableDevelopmentisfocusedonbringingtogetherstakeholdersfromdiversebackgrounds,representingdiverseinter-ests,inordertoidentifycommunityopportunities.

Byconnectingthepublic,private,andsocialsectorsoftheregion—throughseminars,edu-cationalprograms,networkingevents,andthesustainablebusinessinitiativeGreenPlus™—theInstituteisreachingacrosstraditionalboundariestodevelopcreativesolutionstothisarea’smostpressingchallenges.

Anne McKune is the associate director of the Foundation for a Sustainable Community and the director of the Institute for Sustainable Development.

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Community Information Sharing: SustainabilityinLagrange,Ga.

Lagrange,Georgia,acommunityofabout30,000,hastakenaliability—householdgarbage—andturneditintoarevenue-generatingassetbycapturingmethanegasfromthecity’slandfill.

Ithelpedtohaveamajorcorporationthathaslongbeencommittedtosustainabilityasapartnerandsupporter,intheformofcarpetmanufacturerInterface.Aboutfiveyearsago,thecityandengineersfromInterfaceandanothercarpetmanufacturer,Milliken,Inc.,starteddiscussingthefeasibilityofbuildingabiomassreactorthatwouldcapturegreenhousegasemissionsfromthelandfillandturnitintoenergy.

Witha$5millioninvestmentfromthecitytoconstructthereactorandcommitmentsfromInterfaceandMillikentopurchasetheenergy,thesaleofmethaneisexpectedtocreatea$26millionreturn.Thegasispumpedtoanearbyindustrialparkwherecompaniesreceiveadiscountforpurchasingit.Anadditionalperk:thereactorextendsthelifeofthelandfillby16years,nosmallfeatgiventhedifficultieswithcitingalandfillorthepriceofshippinggarbageoutoftown.It’sagreatexampleofasustainablesolutionthatbenefitsthecity,localcorporations,andtheenvironment.

Source: Louise Armstrong, International Economic Development Council

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December 2008 • 25

Newark, New JerseyFor more than 10 years, Newark has been building upon its competitive assets, leading to its current revitalization.

–Newark Alliance

BCLChelditscommunityforuminNewarkatthePerformingArtsCenterunderthesponsor-shipofCapitalOne.ItwasauniquegatheringinthatitsmainfocuswasontheeffortsofawellknownbodyofcorporatecitizenswhoformedtheNewarkAlliance10yearsagotobringhope,opportunity,andinvestmentbackintothecity.Notsurprisingly,theimportantissuesofcom-munityrevitalizationandeducationwerekeyareasofdiscussion,andtheyarerepresentedinthefollowingpages.

Total Pop.281,402(2006est.)

Pop. Increase3.3%(2000–2006)

People with Bachelor’sDegree or Higher9%(2000)

People with High SchoolDiploma57.9%(2000)

Median Household Income$26,913(1999)

Persons below Poverty28.4%(1999)

Total Number of Firms13,715(2002)

Avg. Commute to Work31.7minutes(2000)

The data represent the city of Newark.

(Source: U.S. Census Bureau State & County QuickFacts)

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26 • A Business Civic Leadership Center Report

Investing in the Present — and Future — of Newark

By Daria Placitella

Newark, New Jersey

Inthebestandworstoftimes,supportingthegrowthofrevitalizedcom-munitiesrequiresasingularfocusandlong-terminvestmenttoensuretheirfuturesuccess.PNC’scommitmenttothereemergenceofNewark,NewJer-sey,beginswithpreservingthecity’sricharchitecturalhistoryandextendstothemostcriticalcomponentofcommunitydevelopment—investingtimeandresourcestoearlyeducation.

An Emerging Community and Environmental Jewel

Atatimewhenthenationalcreditcrunchisimpactingdevelopmentandgrowthinurbanareasacrossthecountry,PNC’sclosetiestotheNewarkcommunitymostrecentlygaverisetoanopportunitytosupportthedevel-opmentandconversionofaformerjewelryfactorylocatedbetweenCityHallandtheIronbounddistrict,oneofNewark’sfastest-risingneighbor-hoods.

The$17millionRichardsonLoftresidential-developmentprojectwasmadepossiblethroughrealestateconstructionlendingprovidedbyPNC,com-binedwithadditionalfinancingmadepossiblebythecityofNewarkandtheU.S.DepartmentofHousingandUrbanDevelopment.Theprojectsiteislocatedneartwoofthecity’smosticonicbuildings,thenewstate-of-the-artsportsandentertainmentfacilityandtheNewJerseyPerformingArtsCenter(NJPAC),whichweactivelysupportthroughmemberships,sponsorships,andgrants.Theendresultwillbearetrofitted67-unitapartmentcomplexthatstandsasthecity’sfirstU.S.GreenBuildingCouncilLEED-registeredresidentialbuildingandincludesbothmarket-rateandaffordablerentalhousing.

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Newark, New Jersey

December 2008 • 27

Workingtogetherwiththedevelopers,PNC,thecityofNewark,anditseconomicdevelop-mentarm,BrickCityDevelopmentCorpora-tion,turnedtheideaoftheRichardsonLoftintoarealityanddemonstratedtheprogressthatprivatebusinessandgovernmentcanachievetogetherinrevitalizingcommunities.

Creating a Brighter Future through Early Education

ThefocusonbuildingabrighterfutureinNew-arkextendsbeyondbrick-and-mortarrevital-izationtoearlychildhoodeducation.Credibleresearchconsistentlyshowsthatchildrenwhobeginkindergartenreadytolearnaremorelikelytograduatefromhighschool,succeedintheworkplace,andvolunteerinthecommunity.

Againstthisbackdrop,PNCGrowUpGreatwasestablished.Nowalmosthalf-wayintoits10-yearmission,theprogramrepresentsa$100-millioninvestmentinpreparingchildrenfrombirthtoagefive,withafocusonunderservedchildren,tosucceedinschoolandlifebyhelp-ingtoensurethattheyenterkindergartenreadytolearn.

Today,studentsfromtheE.T.BowserSchool,aNewarkPreschoolCouncilsite,areexposedtolessonplansdesignedtofostermathandbasicacademicskillsandtotheNJPACEarlyLearn-ingThroughtheArtsprogram.BothoftheseearlylearninginitiativesaresupportedinpartbygrantsadministeredthroughPNCGrowUpGreat.

Thepositiveimpactofeachorganizationspeaksforitself.TheNewarkPreschoolCouncil,aHead

Startmemberorganization,currentlyhas46facilitiesthroughoutthecityofNewark,serv-ing2,489childrenbetweentheagesofthreeandfour.

ThehighlyacclaimedNJPACEarlyLearningThroughtheArtsresidencyprogramiscon-ductedundertheauspicesofthenationally-recognizedWolfTrapInstitute.TheprogramfeaturesanNJPACteachingartistleading12classesforyoungchildren,planningsessions,professionaldevelopmentfortheteachersandartists,andmore.Duringthe2007-2008schoolyear,NJPAC’sEarlyLearningThroughtheArtsserved353childrenthrough20Newarkresi-denciesspanning14differentschools.

A Revitalizing Commitment

PNCiscommittedtohelpingbuildtheNewarkoftomorrowthroughinvestmentstodayintheneighborhoodsandfutureleadersatthefore-frontoftherevitalizationofthestate’slargestcity.

Daria Placitella is regional president, Northern New Jersey, PNC Financial Services Group.

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Community Information Sharing: EconomicAdjustmentinPoncaCity,Okla.

Asthelong-timehometoConocoOil,PoncaCity,Oklahoma,wasaone-companytownfornearly100years—untilConocomergedwithPhillipsPetroleumin2002and3,500workerswerelaidoff.Todiversifytheeconomyandreplacethelostjobs,localleadersformedthePoncaCityDevelopmentAuthority(PCDA).

OneofPoncaCity’stwomaineconomic-diversificationstrate-gieshasbeentotargetareasofadvancedmanufacturingsuchasaviation,nicheproducts,andconsumergoods.Thesecondkeystrategy,aimedatdevelopingacenteroftechnologyexpertise,hasbeenthecreationoftheUniversityMultispectralLab(UML)—astate-of-the-artsensortechnologyfacility—byapartnershipamongPCDA,OklahomaStateUniversity,andConocoPhillips.Inaddition,thecommunity’scommitmenttorecruiting,training,andmatchingworkerswithemployershasbeenkeytoenablingbusinessesinPoncaCitytothrive.

Since2004,PoncaCityhasgained1,800newjobs,theunem-ploymentratehasdecreasedfromapproximately8percentto3percent(asofmid-2008),andjobsatnewcompaniesinPoncaCitypayannualwagesthatare28percenthigherthanthere-gion’saverage.

Source: Louise Armstrong, International Economic Development Council

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30 • A Business Civic Leadership Center Report

Teaching Life Skills to West Side High Students

By Carolyn Berkowitz

Newark, New Jersey

Newark,NewJersey,isacommunityrichwithhistorythathasbeentrans-formedoverthelastdecadethrougheconomic-developmentinitiativesthathaverestoredsomeofitsvibrancy.However,outcomesforyoungpeoplegrowingupinNewarkarestillfarbelowthestate’saverageandareakeyconcernforcityandstateleaders.

AspartofCapitalOneBank’sentryintotheNewarkmarket,BCLCandCapi-talOnesponsoredacommunityforumtogatherlocalandnationalleadersforadiscussionaboutNewark’sspecificneedstofurtheradvanceitseco-nomicandsocialprogress.

Oneofthethemesthatrepeatedlysurfacedinthediscussionwasinvestingineducation.Icouldnotagreemorethateducationistheplacetostart.

AtCapitalOne,westronglysupporteducationandoftenspecificallyfocusontheneedforfinancialeducation.Toomanyyoungpeopleleavehighschoolwithlittleornoknowledgeofhowtosavefororsafeguardtheirfinancialfutures.

Asmanyofushavelearnedinthesetryingeconomictimes,knowledgeofpersonalfinancecanbethedifferencebetweenfiscalstabilityandbarelyscrapingby.Knowingthateducationisthekeytosuccess,CapitalOnehasinvestedinaninnovativepracticumforhighschoolstudentsthatcombinesreal-lifebankingwithfinancialeducation,workforcedevelopment,andcol-legepreparationintwoCapitalOnecommunities.

ThisNovember,aCapitalOneBankbranchopenedinsideWestSideHighSchoolinNewark.Openfrom11:00to3:00threedaysaweek,thebankisoperatedbynineWestSidestudentswhoreceiveguidancefromCapital

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Newark, New Jersey

December 2008 • 31

Onebranchmanagers.Servingonlytheschool’sstudents,faculty,andadministrators,thestudentbankersofferarangeofservicesrelevanttostudentsavers.

Toprepareforthebank’sopening,theninestu-dentbankersworkedoverthesummeratCapitalOnebankbranchestobuildtheirexperienceastellersandcustomerservicerepresentatives.Theyalsoattendedatwo-weekformaltellertrainingatCapitalOne’sFairfieldtrainingcenterandaoneweekcollege-developmentprogramatDrewUniversity,wheretheybeganplanningfortheircollegeapplicationprocesses.

Thestudentsreturnedtoschoolinthefallreadytobegintheirroleasstudentbankersandmentorstotheirpeersonsavingandpersonalfinance.

ThebankatWestSideisthesecondofitskind.CapitalOneopenedasimilarstudent-runbankatFordhamLeadershipAcademyintheBronxin2007,runbyseveraloftheschool’sseniors.Theseniorsallgraduatedandarenowsuccessfulcollegestudents.

AtWestSide,thestudentbranchiscomple-mentedwiththeestablishmentofaCommunityFinancialEducationCenter.WearepartneringwithNewarknonprofits,includingNewarkNow,toofferfinancialeducationseminarsandEarnedIncomeTaxCreditpreparationtothepublic—to

makeWestSideHighSchoolacenteroffinan-ciallearningnotonlyforthestudentsandtheirfamilies,buttheentirecommunity.

Thisprogramisbuiltonwhatwehavefoundtobesomeofthebestpracticesinsuccessfulfinancialeducationprogramming:

• Partneringwithcommunityorganizations—schoolsandnonprofits—thatsharea commonvision

• LeveragingthefinancialexpertiseofCapitalOneassociates

• Utilizingthefullrangeofcorporateassets(e.g.,in-housetrainingprograms)

• Employingtrain-the-trainertechniquestomaximizetheimpactofresources

• ServingthecommunityinwaysthatimprovethecontextforCapitalOne’sbusinessgoals

WeareexcitedaboutthepotentialforthisprograminNewark.Itisatremendouslife-andprofessional-skillslearningexperienceforthestudentbankersandbyextension,auniquefinancial-educationexperienceforthestudentbodyandthepublic.WelookforwardtoworkingwithWestSideandothercommunityorganiza-tionstoincreaseitsimpactontheentireNewarkcommunity.

Carolyn Berkowitz is vice president of community affairs at Capital One and president of the Capital One Foundation.

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December 2008 • 33

Palm Beach County, FloridaFor the last two decades, Palm Beach County has experienced rapid economic growth, positioning us as a top location for building corporate wealth. The caliber and diversity of companies residing here demonstrate our attractiveness to growing industries.

– Business Development Board of Palm Beach County

Total Pop.1,274,013(2006est.)

Pop. Increase12.6%(2000–2006)

People with Bachelor’s Degree or Higher 27.7%(2000)

People with High School Diploma83.6%(2000)

Median Household Income$44,186(2004)

Persons below Poverty10.1%(2004)

Total Number of Firms130,332(2002)

Avg. Commute to Work25.7minutes(2000)

The data represent Palm Beach County.

InbothDecember2007and2008,business,community,andnonprofitleadersfromPalmBeachCounty,Florida,andaroundthenationconvenedfortheannual“WeekendinBoca”retreattoaddresslocalcommunitydevelopmentissues,includingprivate-sectorpartnershipsandnonprofitcapacity-building.Themeetings,madepossiblebytheOfficeDepotFoundation,uncoveredtheuniqueengagementofthelocalbusinesssectorandconfirmedtheimportanceofanumberofcorporatecitizenshipactivitiesandpartnershipsinthecommunity.

(Source: U.S. Census Bureau State & County QuickFacts)

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34 • A Business Civic Leadership Center Report

Corporate Community Investment Pays Valuable Dividends

By Mary Wong

Palm Beach County, Florida

RobertGoodwin,whoretiredin2006aspresidentandCEOofthePointsofLightFoundation,notedduringhisworkwiththeorganization,“Intoday’scompetitiveenvironment,companiescannotaffordtobedisconnectedfromtheircommunities,customers,clients,oremployees.”

Withthelikelihoodofevenmorechallengingtimesaheadofus,Mr.Good-win’swordscontinuetoringtrue.Itisessentialforbusinessestoestablishandnurturerelationshipswiththeircommunities—andparticularlywiththepublic-sectorinstitutionsandnonprofitorganizationsthathelptokeepthosecommunitiesstrongandvibrant.

Astheindependentfoundationthatservesasthecharitable-givingarmofOfficeDepotInc.,wehavetheprimaryresponsibilityforidentifyingpotentialpartnersforourcompany’scorporatecitizenshipefforts.Fewofusarefortu-nateenoughtohaveunlimitedresourcesandso,likeanybusinessdecision,itiscriticaltobethoughtfulandstrategicindeterminingwhereandhowwearegoingtofocusourcommunity-investmentdollars.

Thistaskcanseemoverwhelming,giventhefactthattherearesomanyworthyorganizationsineverycommunity.WhenweexpandedthescopeoftheOfficeDepotFoundationtwoyearsago,wemadesurethatwetookcare—andtime—toclearlyidentifyourmissionandgoals.

Aswecarriedoutthisprocess,thekeyquestionwecontinuallyaskedwas,“Whatdowestandfor?”Aftercarefulconsideration,wedeterminedthatwewantedourstrategicprioritiestoencompassfivekeyareas:enhancingeducation,supportingcommunityandeconomicdevelopment,facilitatingdisasterreliefandrecovery,encouragingnonprofitcapacitybuilding,andstrengtheningcommunities.

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December 2008 • 35

Werefertothisplanasour“5X5Program”—fiveprioritieswherewewillfocusourenergiesforfiveyears.

Webelievethatanycompany,largeorsmall,thatwishestobuildastrongcorporateciti-zenshipprogrammustgothroughasimilarexercise.Then,afteryouhavedeterminedyourpriorities,italsomakessensetolookforcommunity-investmentopportunitiesthatsup-portyourbusinessobjectives.Forexample,ifacompanysellspharmaceuticals,itwouldlikelybemorelogicaltosupportahealth-relatedchar-itythanananimal-rescueorganization.

TheOfficeDepotFoundationtakesthisapproachinourcharitablegivingandcommunity-invest-mentinitiatives.Thesupportweprovidetochil-drenandschoolsthroughoursignatureNationalBackpackProgram,forexample,helpstorein-forceOfficeDepot’sreputationasaresourceforteachersandparentsthroughouttheyear.

Wealsoaregenerallymoreinclinedtoestablishlong-termpartnershipswithafeworganizationsthatareinalignmentwithourpriorities.

Thisgivesustheabilitytomeasuretheimpactofoursupportovertime.

Whilehavingastrongcorporatecitizenshippro-gramisimportantforitsownsake—tosupportacompany’saltruisticvalues—itisclearthatthepracticealsoresultsinasignificantreturnoninvestment.Asnationalstudieshaveshown,companiesthatareinvolvedintheircommuni-tiesbenefitinnumerousways—fromnotice-ableincreasesinbusinesstohigheremployeemorale,positivefeelingsamongcustomers,andthegrowthofareputationasacompanythatmakesadifference.

ThroughourworkinSouthFloridaandinnu-merousothercommunitiesacrosstheUnitedStates,wehaverealizedthesebenefitstimeandtimeagain.Corporatecommunityinvestmentisclearlyawin-win—fortheOfficeDepotFounda-tion,fortheorganizationswithwhichwepartner,andforthecommunityasawhole.

Mary Wong is the president of the Office Depot Foundation, located in Delray Beach, Florida.

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36 • A Business Civic Leadership Center Report

City, Business, and Schools: Unique Opportunities for Partnership

By Marjorie Ferrer

Palm Beach County, Florida

WhentheDelrayBeachDowntownMarketingCooperativeapproachedtheOfficeDepotFoundationforfundingofour2007holidayfestivities,Founda-tionPresidentMaryWongissuedachallengetous:Figureoutameaningfulwaytoinvolvemiddle-schoolstudentsintheproject.

Wequicklyrealizedthatfeworganizationsdoanythingforthisoften-forgot-tenagegroup—kidswhoaretoooldforchildren’sactivitiesbuttooyoungtohaveajob.Instead,theyhaveagreatdealoffreetimeontheirhands,whichtheycanchoosetodosomethingeitherconstructiveordestructive.

Recognizingtheopportunitytocreateatrulyspecialpublic-privatepartner-ship,weacceptedthechallengeanddesignedaprogramthatwouldinvolveseventh-andeighth-gradestudentsattendingpublicandprivateschoolsinDelrayBeach.Ourgoalwastoaffectthesestudents’livesinapositivewaythroughcivicleadershipandcommunityinvolvement.

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December 2008 • 37

TheOfficeDepotFoundationsubsequentlymadeagrantof$50,000,whichgaveusthetoolsnecessarytoinvolvethestudentsforthefirsttimeeverinthecity’slargestspecialevent.Overthecourseoftheholidayseason,seventh-andeighth-gradestudentsfromthesurroundingcommunitieswereinvolvedinthreeprojects:

1. Constructionofthefamous100-footChristmastree—Afterreceivinginstruc-tionfromateamofsteelandelectricalcontractorsonthemechanicsoftreeconstruction,studentsworkedwithcontractors,cityemployees,andothervolunteersonactivitiesincludingbranch-ingthetree,checkinglightbulbs,arrang-inginteriorscenes,andpainting.

2. Entertainmentatthetree—StudentsprovidedholidayentertainmentattheOfficeDepotFoundation’sentertainmenttentnightlyfromNovember30throughNewYear’sEve.

3. FirstNight®NewYear’sEvecelebration—StudentsmanagedtwoactivitysitesduringFirstNight2008:thebubblewrapstompandpingpongballdrop.

Byinvolvingseventhandeighthgraderssocloselywiththeseactivities,participatingstudentstookownershipofthetreeandthesurroundingfestivities.Itwasnolongerjustthe“bigtreeinthemiddleoftown”;itbecametheirtree.

StudentsfromsevenDelrayBeachmiddleschoolsloggedatotalof1,884volunteerhours.Also,aspartofitsgrant,theOfficeDepotFoun-dationawardednearly$10,000inscholarshipstotheseschoolsatthecity’sannualvolunteerappreciationparty.

Byinvestinginthisinnovativeproject,theOf-ficeDepotFoundationwasabletosupportoneofthestrategicprioritiesincludedinits“5X5Program”—helpingchildrengetreadyforlifeandwork.TheFoundation’sgoalistohelpgivechildrenthetoolsandsupporttheyneedtodowellinschool,explorepotentialcareers,andpreparetoeithercontinuetheireducationorjointheworkforceaftercompletinghighschool.

Webelievethispartnershipisuniquebecauseitrepresentedthefirsttimethataspecialeventwasusedtopromotepositiveinvolvementinthecommunitywithinthisat-riskagegroup.Italsoprovidedauniquementoringopportunityforourteamof200seniorvolunteers,manyofwhompairedupwiththeseventhandeighthgraders.

“TheOfficeDepotFoundationbelievesinen-couragingyoungpeopletostretchtheircreativ-ityaswellastoexperiencethepositivebenefitsofvolunteerism,”Wongsaidinevaluatingthesuccessoftheproject.“Wearedelightedthatsomanychildrenwereabletobenefitfromtheirparticipationinthisoutstandingprogram.”

Marjorie Ferrer is the executive director of the Delray Beach Downtown Marketing Cooperative.

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38 • A Business Civic Leadership Center Report

Uncovering Unlimited Possibilities

By Kelly Smallridge

Palm Beach County, Florida

Inthelastfouryears,PalmBeachCounty,Florida,hasbecomeoneoftherisingstarsinattractinglargebioscienceresearchorganizations.

In2002,thecounty’spublic-privateeconomic-developmentorganization,theBusinessDevelopmentBoard,gatheredtogetheracoregroupofcounty-widelife-scienceindustryleaders,educationalinstitutions,venturecapital-ists,chambersofcommerce,andkeybusinessstakeholderstocreateaLifeScienceStrategicPlantopositionthecountytoattractkeylife-sciencecompanies.

ThisplanwasdevelopedincollaborationwiththestateandwithformerGovernorJebBush,whocreateda$200-millionInnovationFundtoincentcompaniestomovetoFlorida.

PalmBeachCountyhasoneofthelargestphilanthropicdonorbasesintheUnitedStates,whichisakeyingredienttoattractingnonprofitresearchor-ganizationsthatdependonthesedollarsforsustainablefunding.

Inmid-2003,withasolidplaninplace,PalmBeachCountylandedtheScrippsResearchInstitute,whichwillopena345,000-square-footfacilityinFebruary2009.Itwillcreatemorethan500jobs.ResearchersatScrippsFloridawillfocusonbasicbiomedicalscience,drugdiscovery,andtheappli-cationofthelatestresearchtechnologytothedrugdiscoveryprocess.

TwoyearsaftertherecruitmentofScripps,PalmBeachCountywonthefirstU.S.operationfortheMaxPlanckSocietyoutofGermany.MaxPlanckchosetolocateitsfacilitiesrightnextdoortoScrippstoallowforstrongcross-col-laborationandsharingofscientificknowledge.BothfacilitieswillbelocatedonthecampusofFloridaAtlanticUniversity,whichdonatedthelandaspartoftheincentivepackage.

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December 2008 • 39

Asaleaderinthefieldofbiotechnologyresearch,theMaxPlanckSocietyhashighhopesforitsnewAmericanfacilities.Itwillbuilda100,000-square-footfacilitycomprisedoflaboratoriesandresearchcentersandbringinsomeofthemosttalentedresearchersinthebio-imagingindustry.

TheMaxPlanckSocietyhasagreedtogivebacktothecommunitybypledging3percentofitsannualroyaltiestothePalmBeachCountyeducationsystemforaspanoftwo-and-a-halfdecades(from2012to2038).

Inaddition,theMaxPlanckSocietyhasa10,000-square-foot,world-class,interactiveScienceTunnelexhibitthathasbeenpresentedinplacessuchasBerlin,Dubai,Shanghai,andJohan-nesburg,tonameoffew.Thetunnel’sfirstentryintotheUnitedStateswillbeinFebruary2009inWestPalmBeach,Florida.Spanningmorethanahalfmile,thehands-onexhibitsaredesignedtosparkengagementandcuriosityamongeventheyoungestofminds.Theentiretunnel’stwo-and-a-half-monthvisittoPalmBeachCountyisfundedbyBankofAmericathrougha$200,000contribution.

“TechnologyandscienceareanimportantpartofFlorida’seconomy,andatBankofAmerica,

webelieveinsupportingourcommunitiesinwhichwedobusiness,”saidFabBrumley,PalmBeachCountyMarketPresidentforBankofAmerica.

BoththeScrippsResearchInstituteandtheMaxPlanckSocietyarerecognizedworldwideasleadersinthefieldofbiomedicineandtheybringunlimitedpossibilitiesforpotentialre-searchbreakthroughsinthefieldsofbio-imag-ing,biomedicine,andbiotechnology.

Recognizingthepotentialforancillarycom-paniesandspin-offstoemergeduetotherecruitmentofthesetwoworld-classcenters,privatebusinessleaderscreateda$3millionfundthroughtheParagonFoundationtoas-sistblack-andminority-ownedbusinessesandtogiveentrepreneursthechancetheyneedtocompeteequally.Theseprogramshelptradition-allyunderservedcompaniestogainaccesstocapital,businessadvice,andcriticalresourcestoguideandacceleratecompanygrowthandaidintherevitalizationofunderservedcommunitiesinPalmBeachCounty.

Kelly Smallridge is the president of the Palm Beach County Development Board.

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December 2008 • 41

Silicon Valley, CaliforniaSan Jose ranked first among large metropolitan areas as a world-class manufacturing community based on manufacturing strength and the high productivity of area workers. The San Jose metropolitan area continues to have the highest productivity level of any region in the U.S

–San Jose Silicon Valley Chamber of Commerce

EventhoughBCLC’sMarch4,2008,communityforumtookplaceindowntownSanJoseatthechamberofcommerce,itisimpossibletolimitconversationofthiscommunitytoSanJose,alone.Moreaccurately,thecommunityisSiliconValley,thesouthernpartoftheSanFranciscoBayarea.Itisthecountry’sleadinghigh-technologycenterandisahotspotforinnovators,venturecapitalists,andentrepreneurs.Butwithitseconomicsuccesscomesthechallengesofaffordability,anunqualifiedworkforce,andinsufficientinfrastructure.

Total Pop.929,936(2006est.)

Pop. Increase3.9%(2000–2006)

People with Bachelor’sDegree or Higher31.6%(2000)

People with High School Diploma78.3%(2000)

Median Household Income$70,243(1999)

Persons below Poverty8.8%(1999)

Total Number of Firms60,695(2002)

Avg. Commute to Work27.8minutes(2000)

The data represent only the city of San Jose and not the whole of Silicon Valley.

(Source: U.S. Census Bureau State & County QuickFacts)

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42 • A Business Civic Leadership Center Report

Entrepreneurial Solutions for Silicon Valley’s Challenges

By Dipti Pratt

Silicon Valley, California

SiliconValleyisauniqueplacebecauseoftheentrepreneurialattitude,thecommondesiretofocusoninnovation,thepresenceofworld-classcompa-niesanduniversities,andthegreatpassionofourresidentstotryandmaketheworldabetterplace.Ourinnovativeattitudeisappliedtosolvingbusi-nessneedsandsocialneedsalike.

InSiliconValley,weapproachphilanthropyandthecreationofourcom-munitybenefitorganizationsinaground-breakingmanner.Thisiscritical,becauseSiliconValleyisaregionthatneedsbigideastosolvebigsocialproblems.

SiliconValleyisoneofthemostexpensiveregionsinwhichtolive.Becauseofthehighcostofliving,itisdifficultforfamiliestomakeendsmeetandmanycannotfindthemeanstomeetbasicneeds.Thenationalpovertythresholdforafamilyoffourisanannualincomeof$20,650(InstituteforResearchonPoverty).

Yet,accordingtoSecondHarvestFoodBank,forafamilyoffourinSantaClaraorSanMateocounties,withtwoparentsworkingfulltime,itcosts$77,069ayeartocoverbasicnecessities.

Thehighcostoflivingattributestosurprisingratesofhomelessness,inspiteoftheregion’swealth.Morethan6,000peoplebecomehomelesseveryyearinSanMateoCounty.ThetypicalhomelesspersonontheSanFranciscoPeninsulaisjust5yearsold.

Two-thirdsofthepeoplewhoarehomelessinourcommunityarefamilieswithchildren(ShelterNetwork).Unfortunately,thevastmajorityofhome-lesspeopleonthePeninsulaarehard-workingfamilieswhohavebecomehomelessbecauseofafinancialemergency.Thehomelessarenotindividu-alswithoutjobs—theyarepeoplewithoutenough.

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Silicon Valley, California

December 2008 • 43

Ourlocalfoodbank,SecondHarvestFoodBankofSantaClara&SanMateoCounties,distribut-edarecord24,070,076poundsoffoodtocountyresidentsduringtheir2007-2008fiscalyear.Thisisan11percentincreaseinfooddistributionoverthepreviousyear,as7percentmoreofVal-leyresidentsareseekingassistancewithfood.

Asaresult,manycompaniesfromaroundthevalleyfocusspecificallyonsolvinghungerwithinitiativesandholiday-focuseddrivestoprovideourfoodbankstheresourcestheyneedtofeedthelessfortunateintheValley.

Ratherthanadecliningmovement,theValley’sCSReffortsaregainingmomentum,eveninthesedifficulteconomictimes.Companiesareengagedcitizensbecauseitistherightthingtodo.Theyrealizeengagementisnotanice-to-do,butrathersomethingtheymustdo.Corporatereputationsaretieddirectlytotheirrelation-shipandstatureinthecommunitiesinwhichtheyoperate.SiliconValleyemployeesdesirenotonlyapaycheckbutaworkplacethatsharestheirvalues.

Moreover,throughactivephilanthropicandcommunityprograms,companiesarefindingthattheiremployeeshaveincreasedcorporatepride,whichenhancesretentionandrecruitmentefforts.

Thechallengeremains,however,tofindsystem-aticwaystobridgethegapbetweenthosethathavereapedthefinancialrewardsofSiliconVal-leyandthosethathaveyettoexperienceit.Cor-porationsarehelpingfillbasicneedsbutmorecanbedonetotransferbusinessknowledgeandskillstosolvingSiliconValley’sregionalprob-lems.

OrganizationsliketheCommunityFoundationofSiliconValley,EntrepreneursFoundation,JointVentureSiliconValley,andtheSiliconVal-leyLeadershipGroupareworkingtoincreasecorporateandemployeeengagementtosolveproblems,ratherthanjust“Band-Aiding”aquickfix.

Manycompaniesaresteppinguptothischal-lengeandlookingathowtheycanleveragetheircorporateskillstobenefitthecommunity.Col-lectively,throughcollaborationandknowledgetransfer,corporations,governments,andsocialsectorscanworktogether,intypicalSiliconVal-leyfashion,todevelopnewinnovationstosolveourcommunities’greatestneeds.

Dipti Pratt is marketing director for the Entrepreneurs Foundation, an organization that assists Silicon Valley-area companies with creating, managing and implementing corporate foundations and community programs.

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44 • A Business Civic Leadership Center Report

Partnerships to Improve Infrastructure

By Carl Guardino

Silicon Valley, California

Californiansareremindedeverydaythatthestate’spopulationhasoutgrownitsroads,schools,andotherpublicfacilities.Theysitintrafficjams,theysendtheirchildrentoovercrowdedschools,theyadapttowaterrationing.

Thirty-eightmillionresidentsarestraininganinfrastructurebuiltforhalfasmany.Itisnotjustaninconvenienceineverydaylife.Commuterswhocan-noteasilygettowork,orchildrenill-equippedtojointheworkforce,slowdowntoday’seconomyandrestrictitsfuturegrowth.

Theestimateofwhatthestateneedstocatchupis$500billion—halfatril-lion—ininvestmentoverthenext20years.Evenbeforethestate’scurrentbudgetdebacle,itwasobviousthattheoldwaysoffinancingandconstruct-ingpublicfacilitiesthroughbondsandtaxeswereinadequatetothechal-lenge.

Fortunately,asGov.ArnoldSchwarzeneggerhasrecognized,Californiaisnotlimitedtoadiscouragingchoiceofmoretaxesormoretraffic.Itcanimportabestpracticefromotherpartsoftheworld.Bridges,roads,transit—orschoolsandlibraries—arebuiltjointlybygovernmentandtheprivatesector.Theycombinepublic-privatepartnershipstofinance,design,con-structand,sometimes,operateandmaintainpublicfacilities.Joiningthebestofbothworlds,public-privatepartnershipsproducebetterdesignedprojects,atlowercosts,andonafasterschedule.

InCalifornia,limitedpublic-privatepartnershipsarepossiblenow.InSanJose,BankofAmericaandChevronEnergySolutionshavefinancedsolarpanelsontheroofsofschools.Theschooldistrictenjoysasmallerelectricitybillandthebankandthecompanygetareturnaswell.

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Silicon Valley, California

December 2008 • 45

Otherexcitingpotentialprojectscouldemploypartnershipsonagranderscale:theproposed$4.7billionextensionoftheBayAreaRapidTran-sitSystem,BART,intoSanJoseandtherealign-mentofadangeroushighwaythroughthehillstotheCentralValley.

ThegovernoriscorrectinhiscallforlegislationtopromotewhathecallsPerformanceBasedInfrastructurecontracts,buttheproposalshaverunintocriticismfromsomeunionsrepresent-ingpublicemployees.

ThisisunfairtoCalifornia’staxpayers.Publicworkersdeservetobetreatedfairlyandtobepaidacompetitivewage.Butneitherofthesevaluesisincompatiblewithpublic-privatepart-nerships.Andpublicemployeesshouldnotbeabletolockupeveryinfrastructureprojectwhileroadsdeteriorate,waterallotmentsarecutback,andtransitprojectsgounbuilt.

Public-privatepartnershipsarenotarecipeforturningpublicworksintoprivateprojects.Incre-atingthearrangements,eitherpublic-orpri-vate-sectorunionlaborcanberequired.Unionmembers,publicorprivate,shouldunderstandthatpartnershipswillincreasethenumberofprojects,ratherthantakingjobsawayfrompub-licworkers.

Wherepublic-privatepartnershipsareusedwidely,theyprovideabout20percentofnewinfrastructure.ForCaliforniathissuggeststhatupto$100billionofCalifornia’s$500billionin-frastructureshoppinglistcouldbeexpandedby$100billion,withoutadditionalpublicfunds.

Twentypercentmoreforthesametaxdollars–thisisanofferthatgovernmentsatalllevelsinCalifornia,strugglingwiththeworstbudgetdeficitsinyears,cannotaffordtorefuse.

Carl Guardino is the president and CEO of the Silicon Valley Leadership Group.

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46 • A Business Civic Leadership Center Report

The Financial Crisis Requires a Paradigm Shift

By Joel Kotkin

Back to Basics:

Itistemptingtolookatthecurrentfinancialmeltdown—andthe$700bil-lionfederalbailout—asasignofcapitalism’simpendingdemise.Certainly,thereputationofbusiness,particularlylarge-scaleenterprises,hashitahistoriclow.Thecallforever-greaterregulation,andevendefactonational-izationofwholeindustries,isgreaternowthanatanytimeinrecenthistory.

Businessmustrespondtothisrealitywithbothanacknowledgementoffailureandrecognitionoftheneedforbigchanges.Whatwereallyneedisnotarevolutionagainstcapitalism,butaparadigmshiftwithinit.Weneedtomoveawayfromfadsandquickbucks,andtowardsproductiveinvest-ment.Ifwedonotmakethatshift,thecurrentbubblewillsimplyrecreateitselfagain,perhapsinill-thoughtoutspeculativeventurespainted“green”butmotivatedbythesameshortsightedgreed.

Instead,letusstopthewholebubblecycleandgetbacktobasics.Thatmeansshiftingourinvestmentstowardsproductiveactivitiesfrommanu-facturingandbasicinfrastructure.Itmeansshiftinginvestmentprioritiesbyprovidingincentivesforthoseentrepreneurswhosemaininterestistobuildcompanies,notflipthem.

Overthepastdecade,wehaveseenarepeatedpattern.Americansinnovate,startnewcompanies,andbringamoribundeconomybacktolife.Thistakesplaceprimarilyinthesuburbsandtheexpandinggrowthregions.Thenthemarketsheatupandthereisarapidassetinflation—inthelate1990sdot-comstocks,morerecentlyrealestateandWallStreet—thatcreateahugewealtheffect,particularlyinelitecities.Itallendsupinadispiritingcrash.Thispatternmakesforgreatdramabutalsohaslong-termeffects,mostim-portantlyforourchildren.America’srobustpopulationgrowthnecessitatesrapidlongterm,andwidespreadeconomicgrowth.Thatmeansmovingawayfromafinanciallyorientedeconomytoaproduction-orientedone.

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Back to Basics:

December 2008 • 47

Businessneedstoembracethisagenda.

MostAmericanscannotsustainthemselvestrad-ingpaper.Wealsoneedrobustgrowthinahostofproductiveindustries—energy,fiber,food,manufacturinggoods,andhigh-endbusinessservices—thatcanprovidedecentemploymentformorethanafewWallStreets,well-placeddevelopers,anddotcomentrepreneurs.

Forthesebroader-basedindustriestogrow,weneedtoimprovebasicinfrastructureformovinggoods,providingenergy,andeducatingskilledworkers.Thiscanbeseeninboththelargestcitiesandthesmallesttowns.“Onelooksbackatthatmap,‘LandscapebyMoses,’”writesthenotedsociologistNathanGlazerinlookingatthelegacyofNewYorkCity’smasterbuilderRobertMoses,“andifoneaskedwhathasbeenaddedinthefiftyyearssinceMoseslostpower,onehastosayastonishingly:almostnothing.”

Indeed,despitethestaggeringprivatewealthgeneratedbythestockmarketandrealestateinNewYork,thecity’spublicinfrastructurehasbeenlargelyneglected.TherearebillionsfornewstadiumsandotherelementsofMayorBloomberg’s“luxurycity”butnotmuchforthehoipolloi,particularlyintheouterboroughs.

Thecitycontroller’sofficehasestimatedthatinfrastructurespendinglevelsinthelate1990sandearly2000swerebarelyhalfofwhatwasrequiredneedtomaintainthecity’sstreets,mainroads,andrailwaysin“asystematicstateofgoodrepair.”SubwaysandraillinesinAmerica’srichestcityarefrequentlyshutdownafterheavyrainsduetofloodingcausedbypoordrainage.Brownoutsandblackouts,inpart

causedbyunderinvestmentinenergyinfra-structure,havebecomecommonduringsum-merhigh-useperiods.

Similarly,California’sonceenviedwater-deliverysystems,roadways,airports,andeducationfacilitiesareinseriousdisrepair.Inthe1960s,infrastructurespendingaccountedfor20percentofallstateoutlays,butasthetechnocraticper-spectivetookholdinSacramento,infrastructurespendingfelltoitsjust3percentofallexpen-ditures,despitetherapidgrowthofthestate’spopulation.

Manycommunitieshavedecidedthatinsteadofattendingtobasicneeds,toinvestinspec-tacularnewconventioncenters,sportstadiums,artsandentertainmentfacilities,hotels,aswellasluxurycondominiumsandfortheso-called“creativeclass.”Somehavepouredmoneyintoprojectsthattheythinkwillattractafewbigcorporateexecutiveswithluxuryboxesoroperatickets.Othershavepouredtheirresourcesintowaystolure“creative”professionalswithedgymuseums,jazzclubsandculturalcenters.

Americansoftendeludethemselvesthattheycanthrivesimplybybeingcleverer,morecre-ative—evenmoreself-fulfilled—thanourcompetitorsare.China,India,orotherlow-wagenationswillnotbecontenttoconcedehigher-endeconomicactivitytous.

Placeswherewealthexistsandisbeingcreatedwillproveevermoreenticingtoeliteindustries,whetherinsoftwaredesign,specialefforts,high-endlegalservices,architecture,fashion,andevenhedgefunds.

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48 • A Business Civic Leadership Center Report

Inthecomingyears,forexample,Dubai,Mum-bai,andShanghaiwillemploytheirenormouswealth—gainedinsuchunfashionablepursuitsasdrillingoilormakingsteel—tobreakintothelucrativebusinessesformerlydominatedbyWallStreet,HollywoodorSiliconValley.Youcannotgiveupproductive,wealth-generatingenterpris-eswithoutconsequencesthatalsowillhitthemosteliteand“creative”workers.

Incontrast,apolicythatfocusesonbothold-fashionedandnew,greeninfrastructurewouldspurpositiveimpactsonemploymentacrossabroadspectrumofactivities.Wecouldusenewbridges,roads,trains,andenergytransmissionfacilitiestohelpresuscitatetheGreatPlainsaswellasthebeleagueredGreatLakessotheyex-ploitthenaturalresourcesandlogisticaladvan-tagesthatmadethemproductivehotbedsinthefirstplace.

Wecanturnourcities,botholdandnew,intoidealspotsforthenurturingofhostsofgrowingindustriesbyprovidingadequateskillstrain-ing,newtransportationsystems,andupdatedpowergrids.

Governmentsateverylevelcanandshouldplayacriticalroleinthisgreatproject,bothinfinanc-ingphysicalinfrastructureandprovidingcriti-calskillstraining.However,giventhefinancialrealitiestoday,wealsoneedtotakeadvantageofprivatecapitalavailablebothhereandabroadforsuchinvestments.Byshiftingtotheseactivi-ties—bothonthefinancialsideandasactiveparticipants—businesscanrecreateaviableandrespectedroleinsociety. SoratherthansimplyrescueWallStreet,orletithangouttodie,letusfigureouthowtoredirectit.Weneedtoshiftincentivesawayfrommind-lessspeculationandthecreationofever-moreobscurefinancialinstruments.Instead,letusfindwaysofencouraginginvestors—andcom-panies—tomaketheirprofitsinwaysthatspurproductionandwidespreadwealthcreation.

Joel Kotkin is a presidential fellow at Chapman University and executive editor of www.newgeography.com. He is finishing a book on the American future.

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1615HStreet,NWWashington,DC20062-2000

Phone:202-463-3133Fax:202-463-5308

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