March 2021

A new framework for equitable economic development

Editor’s Note: Darrene Hackler is a consultant and a senior advisor with Smart Incentives. Darrene brings economic development expertise in economic equity and inclusive growth, entrepreneurship and small business, and innovation. She helps policy makers, economic developers, and foundations build partnerships that can strengthen local economic development ecosystems through strategic plans, policy analysis, incentives analysis,

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The Fundamental, Global Law of Road Congestion

Studies from around the world have validated the existence of induced demand:  each improvement to freeway capacity in urban areas generates more traffic. The best available science worldwide—in Europe, Japan and North America—shows a “unit-elasticity” of travel with respect to capacity:  A 1 percent expansion of capacity tends to generate 1 percent more vehicle miles

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