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SOURCE Creative Class Group
MIAMI, Dec. 7, 2017 /PRNewswire/ -- Miami faces growing challenges of inclusion and affordability. According to a new analysis by the FIU | Miami Urban Future Initiative, the Miami metropolitan area ranks sixth among large U.S. metros on the New Urban Crisis Index, a composite measure of economic inequality, economic segregation, and housing unaffordability.
The Miami Urban Future Initiative is a joint effort between the Creative Class Group and Florida International University's College of Communication, Architecture + The Arts (CARTA), funded by the John S. and James L. Knight Foundation, to develop new research for building a stronger and more inclusive economy in Miami.
MUFI's latest report on "Miami's New Urban Crisis"-written by Richard Florida, author of The New Urban Crisis and Visiting FIU Fellow-evaluates Miami's economic development challenges compared to 52 large U.S. metros with more than one million people. The report examines dimensions of urban stress, including economic inequality, housing unaffordability, and middle class decline. "There is a downside to Miami's urban revival," writes Florida. "Its recent economic boom has generated a New Urban Crisis born from its very success."
Miami's rankings on the various equity metrics include:
"Like Miami's urban revival, the shift toward inclusive prosperity will not take place overnight," explains Florida. "It begins with local leaders viewing equity and economic development as a mutual goal."
The full report is available here.
Contact: Steven Pedigo, firstname.lastname@example.org
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