ISSUE 344 | February 12, 2025

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.


From Around the Region and the State
Economic and Policy News

Region’s Municipal Leaders Discuss Vision for Communities in 2026

Downtown revitalization, aging infrastructure, and transportation are main goals for community leaders in NEPA and Central Pennsylvania this year.


From attracting youth with new businesses to expanding roadways, each community has goals to develop local economies and infrastructures.


WVIA discusses this year’s challenges, goals, and plans with leaders in the region. 


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Philadelphia Seniors See Housing Affordability as a Top Issue

Approximately 69 percent of seniors in Philadelphia are homeowners, compared to a smaller percentage of renters.


However, one third of the city’s aging population live at or below the federal poverty line.


WHYY uses data from The Pew Charitable Trust to explore challenges with housing affordability among Philadelphia’s seniors and how they are turning to reach other to find support. 


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Residential Development Part of Center City Transformation

The 2026 Center City Real Estate Development Report is showing over $2 billion worth of development in commercial and residential construction.


Among several commercial development projects, more than 8,000 rental units are also either completed or in progress.


This article discusses five key trends as found in this year’s Center City Real Estate Development Report. 



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From Around the Nation and the Globe
Economic and Policy News

Housing Policy, Inflation, and Monetary Policy

During the post-pandemic period, rent rates have surged across the nation.


Inflation is also a factor in contemporary monetary policy.


Brookings Research explains their argument that under certain conditions, monetary policy may be more optimal when it places less weight on shelter inflation than its share in consumer expenditure.  



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Cross-Industry Knowledge Flows Support High-Tech Entrepreneurship 

New research from SSTI suggests that there is no single formula for the building of successful innovation-driven systems.


However, knowledge spillovers may offer key insight for improving economic outcomes in local regions.


This article discusses findings and suggestions for cross-industry knowledge flows that may support technological innovation and outcomes. 



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Responsible AI Adaptation in Corrections

Artificial intelligence is streamlining administrative operations and supporting healthcare and safety data amidst understaffing in jails and prisons.


However, these implementations also raise concerns about bias formations, surveillance, and data transparency.


The Urban Institute discusses how AI can be ethically integrated into jail and prison systems while centering on human dignity and data transparency.  


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