Resident economists and professionals in our corridor have provided an excellent white paper on job creation based on primary changes in HUB industries. The Pleasanton Hub from Diablo Road south into the tri-valley has the land and large scale facilities to commercialize technologies in alternative energy, biotechnology, medical device, solid state data storage and enterprise network communication. The Walnut Creek Hub from Monument Blvd to Diablo Road is landlocked by its build-out and will need to re-establish existing high-rise commercial centers for technology research and reconfigure Shadelands for high-value medical and technical commercialization. The Concord Hub as Martinez/Bay Point to Monument Blvd needs serious renewal of land use in Pacheco to Monument along Contra Costa Blvd, but has exceptional large scale buildings and the weapons station as primary sites for technology and industrial development and commercialization.
The barriers to such development are political attitudes and positions within the county that operate in ignorance of the nature of capitalizing such a major reset of industry and jobs perspective. There is no expertise among county departments and districts to create Free Trade Zones and related tax incentives that would bring global capital to our corridor. What are usual and customary business relationships among governments, capital sources and corporations in global business are opposed by county departments, boards, commissions and districts due to the lack of immediate tax generation from the primary operations.
At issue is the belief by county officials that residential development will return in volume in late 2010 and beyond. Such development was the primary industry in Contra Costa County and has been reset with large inventories of established homes that have yet to come on the market as a result of foreclosures expected through 2011. We have a high school graduate, a school teacher, a part-time family lawyer, a federal bureaucrat and a university professor as our Board of Supervisors that are deficient in the global economic knowledge necessary to create industry and jobs via globally-accepted practices.
In the white paper, economists and senior professionals look to an alliance of cities in the corridor to work together in invitation to technical industries. Cities are far more nimble, even in alliance, because they are not limited by the political environment within the county. Further, cities must make use of current land and facilities because their borders are limited by the urban limit line. The county remains devoted to residential development and looks beyond the urban limit line for such construction and taxable assets.
With cities, and some unincorporated communities, now having economic development groups, job creation through technical industry expansion will more rapidly occur as cities create economic development alliances in our corridor.
What do your readers think is appropriate economic development in our corridor?
Harald A. Bailey
Technology & Markets Development
CIRCA Development Services (CIRCA/ds)
Member, CDSI Research Fellowship
North America and Asia
CDSI Info: email@example.com