文档介绍：CH-ZXF429-014MM
munity and Economic
Development in the City of Minneapolis
Report to the Mayor and City Council
INTRODUCTION
It is a critical time munity and economic development in Minneapolis. Over the last
decade, the city has been very essful, with growth in population and jobs, large increases in
property values, and pletion of myriad neighborhood development, historic preservation,
downtown, and riverfront development projects.
However, in spite of this ess, the city currently faces many critical challenges related to
community and economic development. As property values have risen and apartment vacancy
rates have decreased, housing within the city has e much less affordable. While job growth
in Minneapolis was positive over the last decade, employment grew only a quarter as fast in the
city as in the suburbs, and trailed the national job growth average. Traffic congestion in the metro
area is worsening, and the city lags peer cities across the country in availability of mass transit.
And in 2000, the Minneapolis public school 4-year graduation rate was only 43%, 41 percentage
points below the state average. These issues, coupled with an uncertain city financial situation due
to the economic slowdown and changes in state tax law, suggest that now is a critical time for the
city to invest munity and economic development reso