URBS 457/557: Economic Development Spring Semester 2014 Monday 6:00 – 8:45 p.m.

This syllabus is subject to change without notice. Students should check D2L for the most current changes.

Instructor: Mr. Mitchell R. Berg Phone/Voice Mail: (C) 651-231-0357 E-mail: [email protected] (W) 507-389-5727 Office Hours: TBA Classroom: MSU Edina Campus

Text(s):  Economic Development: Strategies for State and Local Practice, 2nd Edition, Koven and Lyons (2010) ISBN: 978-0-87326-191-3  Selected readings to be assigned – to be handed out in class

Optional:  Urban Economics, 8th Edition, 8th Edition, Arthur O’Sullivan (2012) ISBN: 978-0-07- 351147-4

Course Goals: The purpose of this course is to provide students with a comprehensive overview of economic development theories, strategies and tools.

Student Learning Outcomes: Knowledge of: 1. Understand how economic development theories can influence local economic development through the comprehension of: a. Understanding why cities exist in the first place and what their benefits are to society and to the economy b. Understanding how market forces impact the development of cities c. Understanding why firms cluster 2. Understand the role of how federal, state, and local governments can promote economic development 3. Understand a city’s economic development strategic plan (SWOT) process 4. Design and understand a Business and Retail analysis Study and a Tax Increment Financing Plan 5. Become familiar with economic development tools (e.g. non and financial incentives and tax policies) and their application, including but not limited to: a. Grant and loans b. Tax Abatement and TIF c. New Market Tax Credits (NMTC) and other tax credits d. Other economic development tools 6. Understand how to conduct a Location Quotient (LQ) analysis 7. Learn current approaches to business attraction, creation, and retention Instructional methods and teaching Strategies: Students will learn economic development theories and become familiar with economic development tools and strategies through a combination of teaching techniques, including but not limited to:  Lectures  Guest Speakers  Individual projects

Assignments: The assignments for this course consist of individual and group projects and speaker questions. I will not give partial credit for late assignments that come in after the class due date; unless prior written agreement has been made between the professor and the student. All assignments must also be submitted into the D2L drop box. Assignments not submitted through the D2L drop box will not receive credit, unless alternative arrangements have been made beforehand.

 Writing Assignments (3 assignments)

You will be responsible to find and write about an economic development topic (to which the instructor will announce in class.) You are to make a copy of the article and write a 2-4 page paper. Come prepared to discuss your article and relate it to our class.

 Guest Speaker questions (5 guest speaker sessions)

You will be required to develop two (2) intelligent and meaningful questions to pose to them. Your questions must be typed and have your name and date showing in the upper right hand corner. In addition, you must submit your written questions to me prior to the start of class to be eligible for credit.

 Projects o Project #1 - See overview of writing assignment (Graduate students will be required to do a 10 minute presentation) o Project #2 - See overview of writing assignment (Graduate students will be required to do a 10 minute presentation) o Project #3 - Project #2 - See overview of writing assignment (Graduate students will be required to do a 10 minute presentation)

Final: The final examine will be Project #3

Guest Speakers: Throughout the semester guest lecturers may speak to the class. These appearances will be listed on D2L or announced. Guest speakers may include community leaders, lobbyists, and appointed or elected officials. Be sure to ask the instructor the week before their appearance for some background information on speaker as you will be required to develop two (2) intelligent and meaningful questions to pose to them. Your questions must be typed and have your name and date showing in the upper right hand corner to earn credit. They are to be turned in at the start of class in order to receive credit. Note: Open laptops, text messaging, or cell phone use during these presentations are prohibited. Student Code of Ethics: Students should familiarize themselves with the university’s policy on plagiarism. Be sure to use APA style guidelines when citing all your work. Plagiarized assignments will result in a failing grade.

Course Attendance: You are expected to attend each and every class. Students coming in late or leaving early will not get full attendance points. This is a blended course, for which some of the classes will not be held in person, but will be held on-line. For those classes that are held on-line students will receive attendance points based on the quality of participation from the on-line discussions. Excused absences are only permitted for University sponsored events or activities. A total of 15 class points will be awarded. Class participation shall be considered when awarding attendance points.

Class Cancellations: Due to inclement weather or events beyond the university’s or the professor’s control there may be a class session (or more) that will need to be cancelled. Every available attempt will be made to contact each student via D2L or at the least an announcement shall be posted on the class door. Nevertheless, if a class is cancelled all assignments, readings and papers shall be due on the date listed in the course calendar by 6:00 p.m. of the day of class.

If, however, a class is cancelled the professor has the right to adjust the syllabus and course schedule as deemed necessary. Any changes or adjustment to this syllabus or course schedule shall be sent out in writing and, if possible, posted onto D2L.

Grading: Maximum points 100 Attendance and Participation: 15 Assignments 15 (max. 5 points each) Guest Speaker Questions 10 Midterm 15 Project #1 10 Project #2 15 Project #3 – Final 20

ADA: ADA requires that the university provide services for persons with disabilities. For more information regarding the services that are available to you, please contact the MSU Disability Services Office at 507-389-2825 or 1-800-627-3529 (MRS/TTY). If you are a person with a disability, please discuss any special needs with me within the first week of class. This will allow you and the instructor ample opportunities to make arrangement for taking notes, completion of assignment and examinations.

Other Policies: You should exchange contact information with at least two of your fellow students. These contacts should be used to learn about what you missed when absent. Assignments may be posted on D2L. Overview of Writing Assignment

There are three writing assignments which are worth 10, 15, and 20 points each, for a total maximum of 50 points. Please use the APA style guidelines for your citations used; please use Arial, font size 11 or 12, 1 inch margins (top/bottom/left/right), when writing your papers.

Graduate students please asked to prepare to present both Projects 1-3 in front of the class. Please be prepared to put together a 5-10 power point slide and be prepared to speak for 10-15 minutes.

Project 1 - Prepare an economic development report for a community of your choice (3-6 pages)  Provide historical context to how the city formed and what economic activity spurred your community to thrive  Provide socio-economical background info and tell me about the community’s past, present.  Are there any competitive advantages that exist in your community  What would you propose would help your community stay competitive in future

Project 2 – Prepare a retail trade analysis of a community (10-15 pages)  Inventory and identify what is existing o Identify the existing businesses and services in your community o Identify traffic patterns o Demographics o Existing sales information  Determine your trade area – primary and secondary o Identify demographics of the primary and secondary trade area  Examine what other communities of your size have for retail and services  List retail and services that your community could obtain to fill in “gaps”

Project 3 (Final) - Prepare a TIF plan (10-15 pages)  To be discussed in class Presentation Rubric (for graduate student individual presentations)

Presentation Novice Competent Proficient Problems with organization and Minor problems in Visual Elements (5) style. organization or errors. Clear Organization.

Irrelevant Content. Relevant Content. Supportive Content. Unprofessional Quality. Simple, Clear Design. Error Free. Neat Appearance.

Disfluency interferes Minor disfluency or Delivery (5) with presentation. awkward intonation. Fluid and Expressive.

Unclear or difficult to Clear voice, may lack Facial Expression and eye understand. expression. contact.

Conversational Intonation. Unclear explanation. Does not address main purpose and Content (15 ) objectives. Provides explanation. Clear explanations. Relates main purpose Developed and applied and objectives purpose and objectives.

Grading Rubrics For Project 1 Exceeds Expectations Meets Expectations Needs Improvement No spelling, grammar, A few spelling, Multiple grammar, Spelling, Grammar and or punctuation punctuation or punctuation, or Punctuation - max 15% mistakes grammar mistakes spelling mistakes Addresses and may go beyond addressing all the bulleted items Adequately covers Largely missing or not in a clear and concise or misses parts of responding to many of Content - max 45% manner the assignment the bulleted items Articulates an Response to the insightful and items asking for the Student does not thoughtful response student to give provide any response to bulleted items their thoughts or to the items where asking for the impressions is there they are asked to give a Analays - max 30% students thoughts or partly missing thought or impression

Does not include any Mostly includes or misses sources and Includes properly citations and source citations and does not cited sources to APA that adhere to APA follow APA style Citation - 10% style guidelines style guidelines guidelines For Project 2 & 3 Exceeds Expectations Meets Expectations Needs Improvement A few spelling, Multiple grammar, Spelling, Grammar and No spelling, grammar, or punctuation or grammar punctuation, or Punctuation - max 15% punctuation mistakes mistakes spelling mistakes Addresses and may go beyond addressing all the Adequately covers or Largely missing or not bulleted items in a clear misses parts of the responding to many Content - max 30% and concise manner assignment of the bulleted items Tables and graphs are accurate; easy to understand; and Tables and graphs may Tables and graphs are Tables, Figures and Graphs- contribute to the content include a few errors and inaccurate and/or max 15% of the report mistakes missing Articulates an insightful Response to the items Student does not and thoughtful response asking for the student to provide any response to bulleted items asking give their thoughts or to the items where for the students thoughts impressions is there or they are asked to give Analays - max 30 and impressions partly missing a thought or Mostly includes Does not include any Includes properly cited citations and source that or misses sources and sources to APA style adhere to APA style citations and does not Citation - 10% guidelines guidelines follow APA style Overview of Assignments

You will be responsible to find and write about an economic development topic (to which the instructor will explain in greater detail during class.) You are to write a 2-4 page paper. Please double space your paper and cite any sources using APA style guidelines. Come prepared to discuss your article and relate it to our class.

1. Find a business which has relocated to Minnesota; identify what market forces brought the company to locate here. (Refer to below grading rubric) 2. Conduct a LQ analysis of a community of your choice to that of the state for which the community resides. Identify what industrial sectors have a high LQ and analyze why? (Refer to the grading rubric for Projects 2 and 3) 3. Find two articles comparing and contrasting the benefits of government providing economic development subsides to promote private sector growth in a community. Please tell me if you agree or disagree and why? (Refer to the grading rubric for Project 1)

Grading Rubric for assignment 1 Exceeds Expectations Meets Expectations Needs Improvement Spelling, Grammar and Multiple grammar, Punctuation - No spelling, grammar, or A few spelling, punctuation punctuation, or max 15% punctuation mistakes or grammar mistakes spelling mistakes Provides an intro; body and conclusion; addresses all bulleted Largely missing or not items in a clear and responding to many of concise manner; the bulleted items; articulates an insightful Adequately covers or misses student does not and thoughtful response parts of the assignment; provide any response to bulleted items asking response to the items asking to the items where for the students for the student to give their they are asked to give Content - max thoughts and thoughts or impressions is a thought or 80% impressions there or partly missing impression Includes properly cited sources to APA/MLA Mostly includes citations Does not include a standards at the end of and source that adhere to source at the end of Citation - 5% the paper APA style guidelines the paper

Course Calendar January 13  Introduction  Market Forces in the development of cities – Urban Economics Chapters 1 and 2

January 27  Market Forces in the development of cities – Urban Economics Chapter 2 and 3  Project 1 due  Project1 Presentations

February 3  Economic Theory - ICMA Economic Development Chapter 2  Local Quotients  Assignment #1 due and class discussion

February 10  City Size – Urban Economics Chapter 4  Guest Speaker – Craig Waldron  Assignment #2 due

February 17  Discussion on Retail Analysis Assignment – Guest Speaker Adeel Ahmed, U of M Extension  Urban Growth- Economics Chapter 5  Talk about project #2

February 24  Guest Speaker – Jim White, Fine and Associates  Urban Land Rent – Urban Economics Chapter 6  US Census Presentation  Topic for project #2 due and class discussion  Chapter Recap

March 3  Midterm

March 17  Planning for Economic Development – ICMA Chapter #3  SWOT exercise  Guest Speaker – Anita Rasmussen  Project #2 due and presentations

March 24  Tools for economic development – ICMA Book Chapter #4  Guest Speaker – Todd Hagen  Talk about Project #3 March 31  Current Approaches to Business Attraction and Retention – ICMA Book Chapter #5  Assignment #3 due and class discussion  Talk about TIF worksheet  Topic for Project #3 due

April 7 – On-line  Business Creation – ICMA Book Chapter #6  On-line Discussion questions – TBA  Project #3 - TIF worksheet due (submit online)

April 14 – On-line  High Technology, Education and Development – ICMA Book #7  On-line Discussion questions Due – TBA  Project #3 draft report due (submit online)

April 21  The Role of Local Government and Local Government Revenue – Urban Economics Chapters 16 and 17  Recap of Class

April 28  Final presentations  Final Project #3 papers due