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When the Boomers Bail: A Community Economic Survival Guide Paperback – February 4, 2011


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Product Details

  • Paperback: 230 pages
  • Publisher: Logan Square Press (February 4, 2011)
  • Language: English
  • ISBN-10: 0981786936
  • ISBN-13: 978-0981786933
  • Product Dimensions: 5.5 x 0.5 x 8.5 inches
  • Shipping Weight: 10.4 ounces (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (26 customer reviews)
  • Amazon Best Sellers Rank: #638,487 in Books (See Top 100 in Books)

More About the Author

Mark Lautman, CEcD, is a founder of the Community Economics Lab, a not-for-profit think tank focused on developing new economic-development strategies. His consulting business is conducted under Lautman Economic Architecture Partners. He is immediate past chairman of the New Mexico Economic Development Commission.

Since becoming a professional economic developer 28 years ago, Mark has designed and managed four economic development programs: Mesa del Sol, in Albuquerque, N.M., 2004-2008; Santa Teresa, N.M., 1998-2004; Rio Rancho, N.M., 1986-1998; and Grants, N.M., 1983-1986. Under his direction, these programs procured more than 80 corporate locations accounting for more than 23,000 new jobs, 6 million square feet of industrial space, and $11 billion in new investment.

Most recently, Mark was vice president of economic development at Forest City Enterprises and Covington Capital, where his business unit was responsible for the design and execution of the economic development plan for Mesa del Sol.

He is a frequent conference speaker and author of "When the Boomers Bail," a book about how new economic and demographic realities are changing the economic development game. He also writes a monthly column for the New Mexico Business Weekly Reinventing Economic Development and blogs on economic development at MarkLautman.com.

Mark is a 1971 graduate of the University of New Mexico in Economics, Architecture and Geography and a former Peace Corps Volunteer. He and his wife live in Albuquerque, N.M. They have three children and three grandchildren.

Customer Reviews

There will be a lot of losers and it will take a lot of attention and work to not become one.
Daryl D. Phillips
I can't recommend this book strongly enough to anyone that is in the planning or economic development field!
James Strozier
This book is well written and the author's sense of humor makes it both memorable and enjoyable to read.
Cliff S

Most Helpful Customer Reviews

6 of 6 people found the following review helpful By Sara Dunnigan on February 17, 2012
Format: Paperback Verified Purchase
E>P

That's a big idea and according to Lautman the secret sauce in an effective economic development program. Your economy has to grow faster than your population. Sounds simple right? In this thought provoking book, he explores the powerful demographic changes facing our communities, our country and our world that make the business of growing jobs look like the least of our problems.

I think we all understand the linkage between and a healthy growing economy and productive and growing workforce development. Today's unemployment rate makes it easy to focus on job creation as the fix, at least in the short term, to our problems. What I think we don't understand intimately enough is the affect the boomers exiting from the workforce (and the unpreparedness of our younger generation) will have on our communities. Maybe even worse, we aren't even looking at the problem through the right lens.

In this 200 page book, Lautman introduces a number of different lens (maybe too many?) to evaluate the magnitude of the problem. Part One covers the forces in play changing dramatically the workforce "pie" and the distribution of the Too Old, Too Young, Qualified and Unqualified. To be honest, this chapter scared me. A lot. He uses some great charts to illustrate the demographic changes that will alter the future availability of the capital so vital to supporting economic growth - human capital.

Part Two explores communities, why they're important and how the "weak side" of the economic development equation will become a dominant determinant in the effectiveness of your economic development programs. I loved this section's emphasis on base economic jobs and just how economies grow.
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6 of 7 people found the following review helpful By Daniel on March 29, 2011
Format: Paperback
Too often, economists get caught up in the temporary problems of today without keeping an eye on the horizon -- which is exactly the mind-set that led to this recession. Lautman doesn't have these blinders. He recognizes that the next big hurdle facing our local economies is our inability to train the skilled workforce needed to replace the millions of workers on the brink of retirement. "When the Boomers Bail" presents a forward-thinking approach to the problem, detailing how realtors, city managers and business leaders can fight the coming shortage and emerge as winners in the new economy. Strongly recommended.
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2 of 2 people found the following review helpful By Jack Allston, CEcD, FM, IOM on May 30, 2011
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Having been close to the author for over six years and having worked with him and for him, I know that everything between the covers of "When the Boomers Bail" makes sense. Any economic developer or elected official who may challange Mark's theories should wake up and see what is going on around them. What makes this book and opinions unique is not only Mark's theories, but also his experience. Mark has done it, and he has done it successfully in Grants, Rio Rancho, Santa Teresa, and Mesa Del Sol where we worked together and visited 100 site selectors and brokers in a nine month period. Mark's relationships with those site selectors eventually led to creating over 4,000 jobs at Fidelity Mutual, Schott Solar, and Hewlett Packard, even though HP is in Rio Rancho, Mark and I made the original calls to the site selectors. Today, Rio Rancho is a thriving community,and Mark's presence has had an everlasting impact on the community because the board of the Rio Rancho economic development and the metrics as well as the structure has stayed the same with accountability and strong goals, objectives and strategies with a clear mission. The same is true in Mesilla Valley where Mark assisted voluntarily in the restructuring of that organization.

In my workshops and programs that I lead, I continually use Mark's five economic development program types: hostile, clueless, tooth fairy, opportunistic and strategic. The book helps you, the community leader, the elected official, the economic developer understand what your problems, why your population is growing fatser than your economy and what you need to do about it.

This is a must read! Don't take a community leadership position, or become an elected official without it!!!!!
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2 of 2 people found the following review helpful By tvl on May 5, 2011
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It is evident Mr. Lautman has put to use decades of experience in his field, as well as hours of thoughtful research to support his revelation of the coming challenges America's communities will face. For years, economists and politicians have predicted the coming shortfall in Social Security benefits, but no one has thought to look at the community effects on a micro scale resulting from an under qualified work force to support its dependents. All community leaders, elected, appointed and private sector alike, should use this material as a starting point to determine where your community's economy now stands and whether or not it is on a trajectory toward the "Economic Death Spiral". As every community faces coming change, solutions will vary and to quote Mr. Lautman, "There will be Winnervilles and Loservilles". This resource can help you put your community on the path to becoming a Winnnerville.
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2 of 2 people found the following review helpful By 2EDUC8 on July 19, 2011
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Written by my mentor in Economic Development and Life in General! WOW, what an amazing revelation! You will never look at the Economic Development the same way again. Mark gives some amazing insights on how the game has changed from job creation focus to understanding the dynamics of population changes. He has great tools for assessing your community and gives easy to understand solutions...not easy to implement, but necessary for survival. I would recommend this quick read to anyone interested in ensuring that their community is poised to grow in this new paradigm.
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