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The services industry is highly sought after in general. It is very labour dependant rather than industrial. With tourism, it cannot be off-shored. Plus, increa
by goalieca 6y ago
The services industry is highly sought after in general. It is very labour dependant rather than industrial. With tourism, it cannot be off-shored. Plus, increased foot traffic brings vibrancy to the city. More arts and culture, parks, museums, restaurants, etc.
- philwelch 6y agoI would add that it’s also seemingly within the grasp of a city council. Economic hubs will naturally emerge for reasons outside the control of local government, and once established, local government can’t always succeed in sustaining them (eg Detroit) if the private industries there struggle. There are counterexamples to this, but mainly as a result of national and not local policy (Shenzhen, Wolfsburg). Another interesting example of an industry that local governments can influence is filmmaking. Georgia and Vancouver both have huge amounts of film and TV production due to local policies.