Managing Economic Development in Times of Fiscal Uncertainty: Past Crises and Current Strategies

Last Updated: 6/12/2013

April 4, 2013


The Federal Reserve Bank of Chicago and the Civic Federation are co-hosting a forum on economic development. The forum will address economic development in times of fiscal uncertainty. Panelists will discuss economic development efforts following severe fiscal crises in California and Michigan, as well as the impact of uncertain politics and economy on business location decisions.

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12:00 AM
Registration and Continental Breakfast

Badge Pickup and Security Inspection in the Lobby

8:10 AM
Welcome and Opening Remarks
William Testa, Vice President, Federal Reserve Bank of Chicago
Therese McGuire, Professor of Management and Strategy, Kellogg School of Management, Northwestern University
8:50 AM
9:00 AM
Session 1: Fiscal Distress and Economic Development

Speakers will discuss economic development successes and challenges in California and Michigan in the context of ongoing fiscal instability. Can planning help stressed governments retain or regain competitiveness? How did state laws and policies help or hinder localities' economic development plans?

Alicia Berg, Vice President, Campus Environment, Columbia College
Mitch Bean, Great Lakes Economic Consulting
Tom Tait, Mayor, City of Anaheim, California
10:00 AM
10:15 AM
Session 2: Business Location Decision-Making

Speakers will discuss how businesses make location decisions and how levels of taxation and uncertainty in general affect where businesses locate and expand. How do regions, states and localities make themselves more attractive in the context of uncertain politics and economy?

Rachel Weber, Associate Professor, Urban Planning and Policy, University of Illinois at Chicago
Ivan Baker, Director of Economic Development, Village of Tinley Park
Jon B DeVries, Director, Marshall Bennett Institute of Real Estate, Roosevelt University
Stephen B Friedman, President, S.B. Friedman Development Advisors
11:45 AM
Buffet Luncheon
12:15 PM
Keynote Speaker
Steve Koch, Deputy Mayor, City of Chicago
1:00 PM
Laurence Msall, President, The Civic Federation

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