During the next generation, more than $40 trillion will be spent reshaping America’s built environment. More half of all structures existing today will be demolished or reconfigured to serve different functions. New development will exceed in volume 75% of everything existing today. The magnitude of this change will challenge economic, social, governance, physical and environmental systems as never before. It is imperative that the broadest number of current and prospective professionals possible appreciate the dynamics underlying this change, and in some way learn how to manage it.
Virginia Tech’s Urban Affairs and Planning Program is offering a Graduate Certificate in Economic DevelopmentGraduate Certificate in Economic Development. It is designed for those who are interested in acquiring a basic understanding of urban and regional economic development dynamics and the role of policy in influencing them.
Urban and regional planners need to know how they can develop their economies. The challenge for policymakers, economic developers and urban planners nowadays is to design appropriate local and regional economic development policies and programs to respond to challenges resulting from globalization, technological development, demographic changes, urban decline, sprawl, and social inequities.
The target population includes current Virginia Tech and other graduate students in all fields, and others with undergraduate degrees who qualify for admission to the certificate program. As the nature and extent of future development will touch everyone, everyone qualified should have the opportunity to become familiar with the challenges and opportunities.