{"id":260262,"date":"2019-08-06T04:53:30","date_gmt":"2019-08-06T11:53:30","guid":{"rendered":"https:\/\/www.esri.com\/about\/newsroom\/?post_type=wherenext&#038;p=260262"},"modified":"2024-05-10T06:38:41","modified_gmt":"2024-05-10T13:38:41","slug":"boston-development-and-climate-change","status":"publish","type":"wherenext","link":"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/boston-development-and-climate-change","title":{"rendered":"A City\u2019s Challenge: Balancing Talent Recruitment and Climate Change"},"author":501,"featured_media":0,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"sync_status":"","episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","castos_file_data":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_links_to":"","_links_to_target":""},"categories":[369832,1001,1561,981],"tags":[1831,281,374152,374162],"department":[488822],"wherenext-category":[],"industry":[],"class_list":["post-260262","wherenext","type-wherenext","status-publish","format-standard","hentry","category-business-risk","category-commercial","category-economic-development","category-green-infrastructure","tag-boston","tag-location-intelligence","tag-talent-pools","tag-young-professional","department-sustainability-risk"],"acf":{"short_description":"Skilled professionals and businesses are flocking to cities. In some locations, this puts them on a collision course with climate change. ","pdf":{"host_remotely":false,"file":"","file_url":""},"flexible_content":[{"acf_fc_layout":"content","content":"No coastal city in the world is immune to the effects of climate change, but if current trends continue, Boston will be among the first to bear the brunt. Rising sea levels are set to have profound impact on businesses near Boston's historic harbor area. Executives considering locating their companies in this rapidly expanding area would be wise to use location intelligence to decide whether this is a smart move."},{"acf_fc_layout":"sidebar","layout":"standard","image_reference":null,"image_reference_figure":"","spotlight_image":null,"section_title":"","spotlight_name":"","position":"Left","content":"<strong>Article Snapshot:<\/strong> Executives must balance two sometimes competing factors\u2014what location intelligence reveals about talent pools and what it says about weather patterns, climate change, and business risk.","snippet":""},{"acf_fc_layout":"content","content":"As <em>Bloomberg Businessweek<\/em> recently <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-18\/boston-built-a-new-waterfront-just-in-time-for-the-apocalypse?srnd=businessweek-v2\">reported<\/a>, Boston is the leading East Coast city for high-tide-related flooding, with an average of one incident per month\u2014a nearly 300 percent increase over the rate 60 years ago.\r\n\r\nYet looming catastrophe does not appear to be dampening economic progress. The city's Seaport District, once a crime-riddled area containing mostly parking lots and disused warehouses, is experiencing explosive growth that appears resistant to anxieties about climate change. The district's rebirth began with the construction of a federal court building in 1999 and is culminating in massive projects worth $3 billion, spearheaded by the Massachusetts company WS Development.\r\n\r\nCiting an analyst at Enki Research, <em>Businessweek<\/em> notes that the developed area of 1,000 acres represents an unsurpassed collection of expensive real estate. To cope with the area's inevitably <a href=\"https:\/\/www.usnews.com\/news\/best-states\/massachusetts\/articles\/2018-06-06\/in-bostons-booming-seaport-the-namesake-is-also-the-threat\">watery future<\/a>, projects will include such safeguards as portable water barriers and lobby floors that can be elevated.\r\n\r\nThose precautions raise questions about whether businesses will continue to migrate to such areas, and whether they should. To figure out the answers, companies will consider many variables. <a href=\"https:\/\/www.esri.com\/en-us\/location-intelligence\">Location intelligence<\/a> from a geographic information system (GIS) can provide analysis on current and projected data about specific locations, proving a crucial tool for these calculations.\r\n\r\n<strong>The Lure of the Seaport<\/strong>\r\n\r\nPeople want to live in cities like Boston. Such desirability drives up residential real estate prices while attracting the kind of educated elite workforce many companies value. These tendencies are mutually reinforcing: workers flock to the cities with strong economic prospects, and companies locate their offices where the workers live."},{"acf_fc_layout":"form","form_type":"aside","form_position":"Right","form_title":"THE ESRI BRIEF","form_desc":"A biweekly email connecting senior executives and business leaders with thought-provoking articles on location intelligence and critical technology trends.","form_button_label":"Sign up now","form_content":"https:\/\/go.pardot.com\/l\/82202\/2017-10-12\/jw1bmb","form_tag":"low-commitment-form\/sign-up-form"},{"acf_fc_layout":"content","content":"This is why, for instance, tech company PTC, after 30 years in the Boston suburbs, <a href=\"https:\/\/www.forbes.com\/sites\/markvenables\/2019\/06\/25\/augmented-reality-changing-the-factory-landscape-from-ptcs-room-with-a-view\/#13762950b40a\">recently relocated<\/a> to the Seaport\u2014in part, to recruit augmented reality talent. The kind of young, tech-savvy employees PTC values are attracted to urban centers.\r\n\r\nTo make decisions about where to set down roots, top companies use tools that generate location intelligence. Using GIS software, for example, executives planning a company's future can analyze where talent pools are coalescing and industry hubs are forming.\r\n\r\nThe calculus that has drawn many firms to Boston in recent decades won't be right for all companies in the years ahead, which is why location intelligence will be such an essential tool. GIS-based location intelligence will allow executives to analyze the delicate intersection of where talent is emerging and how those locations are likely to be affected by climate change. Smart companies are already <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/nexttech-climate-change\/\">utilizing location intelligence<\/a> to assess how new weather patterns will affect such variables as a company's supply chain and technological infrastructure.\r\n\r\n<strong>Balancing Risks, Protecting Assets<\/strong>\r\n\r\nThe smartest companies examine how climate changes will affect not only natural resources but also human resources. Those considering moving to locations in coastal cities or flood-prone areas will take advantage of growing networks of IoT sensors\u2014including tools like the <a href=\"https:\/\/www.esri.com\/about\/newsroom\/arcuser\/leveraging-web-3d-for-street-level-flood-forecasts\/\">StormSense<\/a> project\u2014to get a better understanding of threats.\r\n\r\nAnd they'll need to balance the desires of workers with the financial realities of locating offices in vulnerable areas. Insurers are increasingly using location intelligence to quantify the cost of underwriting properties in threatened areas. A <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/insurers-assess-climate-change\/\">recent <em>WhereNext<\/em> article<\/a> noted:"},{"acf_fc_layout":"blockquote","content":"Location intelligence helps drive \"point-based risk scoring,\" which gives underwriters a more complete view of a property than they have traditionally had. Insurers might take into account everything from local soil composition to the types of trees in a nearby forest."},{"acf_fc_layout":"content","content":"Climate change will increasingly figure into these calculations.\r\n\r\nWhile GIS can help companies perform this kind of sophisticated analysis on a city's predicted future, executives might also draw location intelligence from the more mundane objects in their midst. In Boston's valuable Seaport District, for instance, the landscaping for the latest round of buildings will include an ode to glacial erratics, the hulking boulders that were left behind when the glaciers last receded."}],"references":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.9 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Climate Impacts on Cities at Odds with Migration of Skilled Workers<\/title>\n<meta name=\"description\" content=\"As businesses plan for climate change, some are finding conflicts between where the talent is and where weather conditions create business risk.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/boston-development-and-climate-change\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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