How Plano Texas can expand economically

. Association, National Governors. 2020. Top Trends in State Economic Development. Washington, D.C. http://www.nga.org/cms/home/nga-center-for-best-practices/center-publications/page-ehswpublications/col2-content/main-content-list/top-trends-in-state-economic-dev.html.

a. The National Association of Governors publishes top trends that encourage economic development. This research was published n the midst of COVID-19 and thus provided strong resource material for economic development during a pandemic.

2. Bollier, David. 2013. Power-Curve Society: The Future of Innovation, Opportunity, and Social Equity in the Emerging Networked Economy. Washington, D.C.

a. The authors describe the future of innovation and how it can drive growth within a community. This research is relevant as it illustrates methods in which to increase economic development through innovation within the technology sector.

3. Carley, S., A. Brown, and S. Lawrence. 2012. “Economic Development and Energy: From Fad to a Sustainable Discipline?” Economic Development Quarterly 26 (2): 111–23. doi:10.1177/0891242412442375

a. Plano, Texas, relies heavily on the energy sector for economic growth. This economic study provides insights into how Plano can continue to leverage its vast energy resources for economic development.

4. Carree, Martin, André van Stel, A. Roy Thurik, and Sander Wennekers. 2009. “The Relationship between Economic Development and Business Ownership Revisited.” doi:10.1080/08985620701296318.

a. This scholarly work illustrates the correlation between business ownership and economic development. This relationship is critical for Plano, Texas as it needs to encourage entrepreneurship and business ownership to attract and retain competent business professionals.

5. City of Plano. 2020. 202o Community Profile. Plano

a. This work provides statistics related to community development in Plano, Texas.

6. Florida, Richard, Charlotta Mellander, Kevin Stolarick, and Adrienne Ross. 2012. “Cities, Skills and Wages.” Journal of Economic Geography 12: 355–77. doi:10.1093/jeg/lbr017.

a. The authors in this scholarly work research the relationship between skills and wages in major metropolitan cities. These insights can prove invaluable to Plano Texas as it can learn for successful initiatives and replicate them within the city.

7. Hanley, C., and M. T. Douglass. 2014. “High Road, Low Road, or Off Road? Economic Development Strategies in the American States.” Economic Development Quarterly 28 (3): 220–29. doi:10.1177/0891242414534726.

a. The authors of this scholarly work look to develop strategies that encourage economic development while mitigate many of the risk that occur. The work advocates for use of technology and specialized labor that is difficult to displace through traditional means. By implementing this strategy, employees have access to vibrant and innovative market within their respective communities.

8. Jarmon, C. A., J. M. Vanderleeuw, M. S. Pennington, and T. E. Sowers. 2012. “The Role of Economic Development Corporations in Local Economic Development: Evidence from Texas Cities.” Economic Development Quarterly 26 (2): 124–37. doi:10.1177/0891242412437877.

a. This text illustrates the role corporations play in the overall process of economic development. The authors illustrate how corporates through jobs, tax payments, and skills training, provide the overall foundation for economic development.

9. Jolley, G. J., M. F. Lancaster, and J. Gao. 2015. “Tax Incentives and Business Climate: Executive Perceptions from Incented and Non incented Firms.” Economic Development Quarterly 29 (2): 180–86. doi:10.1177/0891242415571127

a. Tax structure is a major variable into economic development. The authors of this articles look to examine from a financial perspective how taxes can lower incentives to innovate and develop communities. The authors draw a direct correlation to tax structure and the potential flight of capital to lower tax jurisdictions.

10. Kodrzycki, Yolanda K., and Ana Patricia Muñoz. 2013. “Economic Distress and Resurgence in U.S. Central Cities: Concepts, Causes, and Policy Levers.” Federal Reserve Bank of Boston, no. 13: 1–153 38. doi:10.1177/0891242414565696.

a. Economies often go through economic cycles. This scholarly article looks to research how economic distress helps to cause economic progress over the longer term. The authors illustrate that the process of “creative destruction” is beneficial for economic development.

11. Liu, B., and James M. Vanderleeuw. 2004. “Economic Development Priorities and Central-City and Suburb Differences.” American Politics Research 32 (6): 698–721. doi:10.1177/1532673X03262392.

a. The authors of this text provide a compelling methodology as to how communities succeed. The text examines multiple economic development initiatives and derives key elements that caused their eventual success or failure.

12. Mason, Colin, and Ross Brown. 2013. “Creating Good Public Policy to Support High-Growth Firms.” Small Business Economics 40 (2): 211–25. doi:10.1007/s11187-011-9369-9.

a. The authors of this article look to establish principles that enable support for high growth businesses. By having businesses domicile in the Plano, Texas, growth, and economic development will soon follow.

13. McKinsey Global Institute. 2015. A Labor Market That Works: Connecting Talent with Opportunity in the Digital Age

a. Employment is critical to economic development. This article looks to link talent within the labor market to economic development in Plano, Texas. As consumers are now being trained with technology skills, this can enable outsized economic growth as business relocate to areas with high levels of talent.

14. Mellander, Charlotta, Richard Florida, and Kevin Stolarick. 2011. “Here to Stay—The Effects of Community Satisfaction on the Decision to Stay.” Spatial Economic Analysis 6 (932223628): 5–24. doi:10.1080/17421772.2010.540031.

a. The article illustrates communities can impact overall economic development. Here, the authors link discretionary income within the community with economic development through investment.

15. Milner, L. (1995). The History of Texas Business: A Selected Bibliography. The Southwestern Historical Quarterly, 99(2), 217-244. Retrieved March 7, 2021, from http://www.jstor.org/stable/30239015

a. This text illustrates the history of business in the state of Texas. This title is particularly important as it illustrates both the successful ventures and the unsuccessful ventures within the state of Texas. This information will prove invaluable when developing Plano, Texas in the way other communities have been developed.

16. Niu, Y., C. Ding, and G-J Knaap. 2014. “Employment Centers and Agglomeration Economies: Foundations of a Spatial Economic Development Strategy.” Economic Development Quarterly 29: 14–22. doi:10.1177/0891242414560813.

a. Employment and labor productivity are critical components to economic development. This article illustrates how a highly skilled labor force can contribute to economic development over the long term.

17. Oh, Y., I. W. Lee, and C. B. Bush. 2014. “The Role of Dynamic Social Capital on Economic Development Partnerships Within and Across Communities.” Economic Development Quarterly 28 (3): 230–43. doi:10.1177/0891242414535247.

a. The authors of this text illustrate how social media and social capital can impact economic development. According to the research, more consumers are using social media to make their investment and purchasing decisions. This information is also relied upon from a political perspective, on how consumers vote on items related to the community.

18. Olberding, J. C. 2002. “Diving into the ‘Third Waves’ of Regional Governance and Economic Development Strategies: A Study of Regional Partnerships for Economic Development in U.S. Metropolitan Areas.” Economic Development Quarterly 16 (3): 251–72. doi:10.1177/089124240201600305.

a. The authors of this text illustrate the waves of governance as it relates to economic development, from a historical perspective. Here the authors are attempted to use history to help predict outcomes that may occur in the future related to economic development. The issues discussed in the test are related to excessive debt level, low savings, fraud, and other activities that can mitigate the benefits of economic development.

19. Olfert, M. Rose, and Mark D. Partridge. 2010. “Best Practices in Twenty-First-Century Rural Development and Policy.” Growth and Change 41 (2): 147–64. doi:10.1111/j.1468- 2257.2010.00523.x.

a. This article uses a historical perspective to illustrate the best practices for economic development. Through a historical perspective, the authors look to help readers avoid many of the more common mistakes of economic development. This articles also illustrates how regulation and excessive rules can inhibit economic growth.

20. Pender, J., a. Marre, and R. Reeder. 2012. “Rural Wealth Creation: Concepts, Measures, and Strategies.” American Journal of Agricultural Economics 94 (2): 535–41. doi:10.1093/ajae/aar076

a. Wealth Creation is a primary catalyst for economic development. This research looks illustrate how wealth can help foster a culture of innovation while also uplifting the overall well being on those living in Plano, Texas.