Building a SMART Community Brings Economic Success

Oct 12, 2017 | News, Newsletter |

Nate Green.
Montrose Group.

Smart Communities embrace technology as the key to their economic future. The first step in building a smart community is defining the elements of a smart community and what the economic benefits are from achieving that status.

The economic benefits of becoming a smart community are substantial. Successful technology based economic development is a well-established, five drivers of regional economic success—along with advanced manufacturing, global trade, advanced services and energy. Successful regional technology economies are built on Science, Technology, Engineering and Mathematics occupations. STEM occupations consist of nearly 100 specific occupations consisting of 6 percent of U.S. employment counting nearly 8,000,000 jobs. STEM jobs are high-wage positions paying on average $77,880 and only four of the 97 STEM occupations had mean wages below the U.S. average of $43,460. The creation of smart community operating systems for cities also suggests substantial economic gain. According to a study by Accenture, Smart City solutions applied to the management of vehicle traffic and electrical grids could produce $160 billion benefits and savings through reductions in energy usage, traffic congestion and fuel costs.

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Workforce Transit Route Planned to Connect Region

A joint effort between City of Middletown, Atrium Medical Center, City of Monroe, and Butler County Regional Transit Authority (BCRTA) to connect people within the region to available jobs kicks off on Tuesday, September 11 with the addition of the WorkLink bus route.

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RiversEdge at Marcum Park in Hamilton, Ohio named one of five Great Public Spaces in the U.S. by the American Planning Association

The American Planning Association (APA) recently named RiversEdge at Marcum Park in Hamilton, Ohio, as one of five Great Public Spaces on APA’s annual Great Places in America list. APA’s Great Places in America program recognizes the streets, neighborhoods, and public spaces in the United States demonstrating exceptional character, quality, and planning—attributes that enrich communities, facilitate economic growth, and inspire others around the country. The Great Neighborhoods, Great Streets, and Great Public Spaces of 2018 are places that are unique and exemplary in their amenities and infrastructure, cultural identity, and use of sustainable and innovative practices.

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Call for Governor’s Cup Submissions

It is time again to start thinking about the Governor’s Cup, awarded by Site Selection magazine every spring. Ohio continues to be a leading destination for new business investment and job creation. Through a statewide collaborative effort, we can continue our positive momentum by submitting successful economic development projects to the Governor’s Cup submission portal at https://jobsohio.com/govcup-input until November 20, 2018.

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