Regional business planning and cooperation at the metropolitan level is creating hubs of prosperity in the U.S.
According to this blog post from the Brookings Institution's Mark Muro, metropolitan areas are taking the lead in luring business.
"[S]mart consortia of regional leaders have come together to apply the methodology of private-sector business planning to the business of revitalizing regional economic development. In that fashion, smart regions are pursuing a disciplined, rational process to prepare tailored, data-rich, highly specific challenges to federal, state, local, and philanthropic players to "invest" in their "bottom-up" plans for economic growth (with a firm promise of return on investment).
So who's doing them? Three diverse metropolitan areas-Northeast Ohio, Minneapolis Saint Paul, and Seattle-are applying the new methodology, and are working intensely and pragmatically this year while Congress bickers and the nation drifts."
FULL STORY: U.S. Metros: Open for Business Despite Everything
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