Santa Monica, California

Paper Summary:

Examines the major economic policies of the city. Effects on the local economy. Overview of Santa Monica. Concerns in the city regarding too much development and growth. Rent control issue and goals of affordable housing and demographic diversity. Minimum wage and economic impact. ATM fees & city's ban on surcharges.

From the Paper:

"Introduction
Local governments have the delicate task of balancing growth against quality of life, and of maintaining a sound economic base which can support the infrastructure (schools, public services) necessary for day-to-day activities. Some cities actively court new business and pass regulations which favor commerce. Property tax incentives for new businesses, enterprise zones and low.cost fee structures can all be ways in which communities seek to attract commerce which will contribute to economic growth. Some communities, however, seek to minimize growth. These communities may favor remaining largely residential and seek to attract the smallest amount of commerce necessary to support the residential "flavor" of the area. High-technology companies, which offer high.paying jobs and little pollution, can be particularly attractive to these ..."

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