Class Notes

Question 1

Design Process Exercise

Answer 1

• Empathy
• Define Phase
• Powers of Ten
• Design thinking focuses on forward looking and the scope of thinking is focused on condition.

Question 2

Quadruple Bottom Line is an addition to…

Answer 2

Triple bottom line more common place and while words may be coded the meaning remains similar. Financial bottom line is necessary but not sufficient to communicate success given the failures of the market.

Question 3

Creative vitality as an…

Answer 3

early investment. Similar to the cultural acceptance of the environmental movement in the past .

Question 4

Community development began with…

Answer 4

smokestack chasing.

Question 5

Social Constructionists…

Answer 5

we create our own reality

Question 6

3 Kinds of Financial Institutions

Answer 6

• Investment Banks
• Securities Brokers
• Securities Dealers

Question 7

Venture Capital as…

Answer 7

an example of private capital that is informal and concentrated in four states.

Question 8

3 Approaches to Incentives and Taxes

Answer 8

1. ) Invokes past traditions
2. ) Refocuses economic development programs on rebuilding the nation’s economy in the sector where nation had to remain competitive.
   - Counter to “What is good for GM is good for America”

Question 9

Based on “Our fundamental view is that national economic & industrial policy must have a local component.” We need…

Answer 9

1. ) Increase community control.
2. ) Give communities greater control.
3. ) Give workers more autonomy.

Question 10

Tax write offs and loopholes are the primary motivators for

Answer 10

short-term investments.

Question 11

Worker problems =

Answer 11

“deficiency of skills in an abundant job market” & “jobs crisis today shows a clear spatial distribution inequity that is challenging for policy makers.