June 15, 2010 By News Report
Photo: Chicago is one of four cities examined in the study.
A study commissioned by the U.S. Conference of Mayors investigated high-speed rail's economic benefits. The Economic Impacts of High-Speed Rail on Cities and Their Metropolitan Areas, looked at four U.S. Cities -- Los Angeles, Chicago, Orlando and Albany, N.Y. -- and concluded that in all four cities, high-speed rail would increase jobs, wages, business sales and productivity. The economic payback, said the report, is especially good when intercity travel is under three hours.
All over the country, community leaders are looking to boost economic development through various initiatives. One key element in many of those initiatives is the use of information technology. When local governments build IT infrastructure, create e-government applications, assist high-tech startups or otherwise focus on technology, they create conditions that draw businesses to their communities and help retain skilled workers. This paper discusses and provides examples of these various ways local government can use technology to ultimately make a community more attractive to businesses, visitors and residents.