Managing Economic Development in Times of Fiscal Uncertainty: 2013 Forum Agenda

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

Thursday, April 4, 2013
8:00 a.m. to 1:00 p.m.
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, Illinois

This half-day forum, co-hosted with the Federal Reserve Bank of Chicago, addressed economic development in times of fiscal uncertainty. Panelists discussed 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. For a recap of the event, visit the Civic Federation blog.


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

Session I — Fiscal Distress and Economic Development
Speakers discussed 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?

Moderator: Alicia Berg, Vice President, Campus Environment, Columbia College Chicago

Mitch Bean, Great Lakes Economic Consulting
The Honorable Tom Tait, Mayor, City of Anaheim, California

Session II — Business Location Decision-Making
Speakers discussed 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?

Moderator: Rachel Weber, Associate Professor, Urban Planning and Policy, University of Illinois at Chicago

Stephen B. Friedman, President, S.B. Friedman Development Advisors
Ivan Baker, Director of Economic Development, Village of Tinley Park
Jon B. DeVries, Director, Marshall Bennett Institute of Real Estate, Roosevelt University

Keynote Speaker
Steve Koch, Deputy Mayor, City of Chicago

Laurence Msall, President, The Civic Federation