ISSUE 237 | December 21, 2023

The Institute is an economic research and applied research and consulting group that provides customized client solutions and strategies to facilitate decision making and planning that enhances growth, impact, and sustainability for organizations.

The Institute Review will resume publication in January 2024. Happy holidays!

From Around the Region and the State
Economic and Policy News

Montgomery County Council Passes Cap On New Rent Increases


Montgomery County has passed a rent stabilization measure to cap rent increases at six percent and protect renters from experiencing additional fees on top of base rent.

This law still faces amendments regarding situational rent increases and inflation ahead of its implementation. 

Approximately 35 percent of Montgomery County residents are renters.

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Community Leaders Prepare Priority Climate Action Plan

The Pennsylvania Department of Environmental Protection has announced that communities statewide may receive as much as $4.6 billion for climate pollution reduction.

This climate action plan, founded in June, will detail a number of strategies for environmental protection, especially in regard to industrial policy.

The grant is open to any Pennsylvania community and can cover any proposed climate protection agenda if accepted.

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Philadelphia Becomes First Sensory Inclusive City

Philadelphia is the first city to be named a Certified Sensory Inclusive City.

Sensory issues, such as light and noise sensitivity, are common among people who are neurodivergent.

In addition to the implementation of sensory stations and inclusive services at city functions, over 16,000 city employees have undergone sensory inclusion training.

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From Around the Nation and the Globe
Economic and Policy News

Community Health Workers Support RICMS Clients with Reentry

Three-year and five-year evaluations of Los Angeles County's Reentry Intensive Care Management Services Program suggest that it is an effective alternative to incarceration.

Launched in 2018, this program combines a variety of services, linking those involved in the legal system with trained community health workers, counselors, mentors, and case managers.

Outcomes indicate reduced recidivism and improved community integration.

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Philanthropists Invest in Rural Workforce Training Programs 

Oregon STEM and Spark Oregon have created an earn-and-learn initiative program to introduce young individuals to in-demand, high-skill areas of the workforce (such as advanced manufacturing).

According to the U.S. Census Bureau, approximately 616,000 manufacturing jobs remain unfilled - especially in rural areas.

Philanthropies have begun to target rural areas with workforce-based grants, as these areas have historically faced challenges receiving funds and increasing economic mobility.


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Older Workers Grow in Number and Earn Higher Wages

According to Pew Research Center, nearly 20 percent of Americans aged 65 and over are employed.

This number has nearly doubled over the last 35 years, largely resulting from the impact of higher education levels and higher costs of living on work habits.

Wages for older adults have grown as well, bringing the gap between older and younger workers closer than it has ever been.

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Research Spotlight: Our Education and Workforce Development Task Force also emphasizes the importance of rethinking the senior worker. The report linked below examines NEPA's senior workforce and outlines strategies for attracting and retaining older workers.

Click here

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