Urban Economic Policy with the Mayor’s Office of Economic Development
Session Number
Project ID: BIZ INTRN 05
Advisor(s)
Trevor Dick; Mayor’s Office of Economic Development
Alex Minnella; Mayor’s Office of Economic Development
David Dibo; Mayor’s Office of Economic Development
Discipline
Business
Start Date
19-4-2023 10:05 AM
End Date
19-4-2023 10:20 AM
Abstract
The Mayor’s Office of Economic Development is currently working on implementing an EV-Ready Code in the City of Aurora Zoning Code that would require new buildings and homes to be equipped with charging infrastructure. This policy is a critical development in the City Govt.’s plan to position themselves as leaders in the green economy and therefore attract additional investment and development in the city, as the policy should add roughly $500k in local property value annually (in terms of equalized assessed value). With the influx of new investment should come additional housing and development for the City population. The policy also represents a critical development in the City Govt.’s plan to reduce local air pollution and improve quality of life for residents. My project has been focused on researching the feasibility of this policy for incoming developers in the city and analyzing the policy’s consequences for local property values, housing, and development in the area.
Urban Economic Policy with the Mayor’s Office of Economic Development
The Mayor’s Office of Economic Development is currently working on implementing an EV-Ready Code in the City of Aurora Zoning Code that would require new buildings and homes to be equipped with charging infrastructure. This policy is a critical development in the City Govt.’s plan to position themselves as leaders in the green economy and therefore attract additional investment and development in the city, as the policy should add roughly $500k in local property value annually (in terms of equalized assessed value). With the influx of new investment should come additional housing and development for the City population. The policy also represents a critical development in the City Govt.’s plan to reduce local air pollution and improve quality of life for residents. My project has been focused on researching the feasibility of this policy for incoming developers in the city and analyzing the policy’s consequences for local property values, housing, and development in the area.