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E <br />CONOMIC <br />D <br />EVELOPMENT <br />C5 <br />HAPTER <br />Economic sustainability is essential to La Porte’s future. Simply, <br />2001 vs. 2011 Plan Comparison <br />it will determine whether and how the City grows and redevelops <br />in the coming years. The City’s economic strength will set the <br />2001 2011 Update <br />tone and pace for new development/redevelopment and impact its <br />No chapter on economic <br />development in 2001 <br />ability to maintain quality public facilities and services, which are <br />Comp. Plan; but <br />necessary to help retain, attract, and support future businesses <br />incorporated Ch. 5, Economic <br />and the people that fuel them. La Porte is a thriving industrial city <br />recommendations found Development <br />in the Economic <br />with high household/family incomes and housing values, and low <br />Development Strategic <br />unemployment and poverty rates (see Chapter 1, Demographic <br />Plan, Jan. 2009 <br />Snapshot). But, as evident during the public participation process, <br />a majority of citizens increasingly want to find the right balance between <br />protecting the City’s industrial roots, while also improving its livability. <br /> <br />In today’s talent-driven economy, the City’s ability to capture new <br />opportunities will depend somewhat less on having the lowest business costs <br />than on having a higher “quality of life” than its competitors. Although <br />“quality of life” is highly generalized, and is difficult to gauge how the City <br />measures up in things like personal safety and security, neighborhood <br />integrity, recreational opportunities, access to healthcare and social services, <br />availability of retail and other shopping opportunities, quality schools and <br />higher learning, etc.; but one that is increasingly important in helping to <br />attract and retain the people the companies need and desire. <br />5.1 <br /> <br /> <br />ECONOMIC DEVELOPMENT <br /> <br />