Skip to main content

Jobs on the Rise: New Urban Developments Are Driving Employment Growth

 




Cities worldwide, while diverse in demographics and culture, share a common pursuit of progress through new urban developments. These projects not only enhance convenience amid urban congestion but also stimulate local economies and communities through various socio-economic activities like job creation.


Whether in the form of public transportation, cutting-edge business districts, or towering residential communities, a single new development requires a whole host of jobs from pre-construction, to construction, and completion. These range from real estate developers and planners to construction workers and suppliers – all requiring extensive collaboration for successful project development.



Hudson Yards: Direct and indirect employment opportunities


Photo credit to Following NYC. Featuring ‘Vessel’, a honeycomb-like structure and visitor attraction in the Hudson Yards Development in Manhattan, New York City. 


The cycle of job creation doesn’t stop after completion. A new development also drives indirect employment opportunities generated from industries attracted or related to the development. 


Such is the case for Hudson Yards, New York City’s 28-acre mixed-use development and considerably the United States’ biggest megadevelopment in history. It had created thousands of construction jobs that resulted in transforming Manhattan’s iconic skyline and becoming home to diverse shops, offices, cultural institutions, and hotels and residences. Ongoing operations and management of these facilities are expected to contribute to its large-scale economy, such as hosting over 55,752 workers daily and about $19 billion annually to the city’s GDP. 



Dubai and Songdo IBD: Creating economic opportunities afresh


Meanwhile, cities like Dubai and Songdo International Business District (IBD) generate jobs by creating economic opportunities from the ground up. They used land reclamation as an urban development strategy to address land scarcity and high population density challenges.


Photo credit to Kadir Avşar. A closer aerial view of the Palm Islands. 


Dubai's ambitious projects, including the Palm Islands, the World Islands, and Burj Al Arab, have turned it into an ultramodern metropolis for commerce and tourism. In 2023, it drew over 30,000 new businesses, driving demand for talent in finance, legal, and digital technology sectors.


The Songdo IBD is an ongoing smart city built on reclaimed land in Incheon, South Korea. It’s designed to be an international business and residential hub with sustainable features. As of 2020, the 1,500-acre development hosts about 30,000 residents, 33,000 jobs, and 70% fewer emissions than any other development.



SM’s Integrated City Developments: Empowering local communities and residents


SM Prime contributed photo. An aerial view of SM Mall of Asia (MOA) featuring its iconic Globamaze and thriving network of retail, business, residential, and hotel developments. 


The SM Group, a leading conglomerate in the Philippines, has an ecosystem of interests spanning retail, banking, property, and mall developments across the country, making it the largest employer with over 140,000 employees.

For every SM mall development by SM Prime Holdings, the integrated property developer of the Group, the local economy is invigorated because of the opportunities created by supporting small and medium enterprises (SMEs) that comprise about 68% of its mall tenants. For instance, SM City Bataan, SM Supermalls’ 83rd mall, employs about 96% of its mall administration staff who are residents called Bataeños, including two in leadership roles. It also proudly showcases local industries by partnering with homegrown businesses like family-owned brands and locally managed franchises. 


Job security, stable income, and tax revenues contribute to the local workforce’s quality of life; and SM Prime ensures to manifest these waves of progress in its developments, especially in its future plans for smart cities in the Philippines to be spearheaded by its ongoing 360-hectare development in Pasay City.


New urban developments are catalysts for growth, innovation, and avenues for increased prosperity, shaping local economies through job creation and improved lives. The success of these city centers requires a network of opportunities – from its pre-construction supply chain to empowering businesses for individuals to thrive and contribute to the communities.


Comments

Popular posts from this blog

Sony releases the latest addition to the CineAlta digital cinema camera line, the “BURANO”

    Sony Philippines has officially launched the BURANO Camera in the Philippines, Sony’s latest addition to the CineAlta digital cinema camera lineup that introduces a new era in cinematography. Professional filmmakers, aspiring film students, and photography enthusiasts alike were given the opportunity to witness Sony’s vision to create an innovative, next-generation digital cinema camera that aims to redefine the cinema shooting experience. Launched in Green Sun Makati, BURANO was unveiled to participants from all over the film industry and academe. Present as well were internationally renowned cinematographer, director, and producer O Sing-Pui along with award-winning cinematographer and Sony Alpha professional JA Tadena, sharing their takes on high-quality cinematography that underlined Sony’s contribution to redefining the cinema shooting experience with the BURANO’s next-generation features. The launch was moderated by Sony Product Expert and commercial director Nigel Laxamana.

Citadines Roces Quezon City Opens: Your Gateway to City Living

  “As we take on this exciting journey, we hope to create a dynamic environment that’s one with the vibrant spirit of Quezon City. We look forward to crafting a future where every guest grows their love for the city in every second they stay with us," said Thea Peregrino, Residence Manager.  Citadines Roces Quezon City understands the pulse of today's urban explorers, offering a seamless blend of comfort, convenience, and style. The property's 185 well-appointed apartments serve as a sanctuary, allowing you to capture the city's vibrant essence while enjoying the privacy of your own space. With six main room categories: Studio Deluxe, Studio Executive, One Bedroom Deluxe, One Bedroom Executive, One Bedroom Premier, Two Bedroom Premier, and Three Bedroom Premier, everyone can find inspiration in the comfort of Citadines. All rooms are designed to optimize the use of space, putting your comfort as a top priority. That’s not all - in addition to the well-designed apartmen

Shang showcases the best of today’s Chinese cinema with 18th Spring Film Festival

  Shangri-La Plaza , the hub of world cinema in the Philippines, is starting off a brand-new year of exciting film fests, arts and cultural events, and partnerships with various embassies with the beloved Spring Film Festival as it returns to the Red Carpet Cinema for its 18th year from January 23 to 30 .   Initiated in partnership with the Ateneo Ricardo Leong Center for Chinese Studies , Ateneo Celadon , and Film Development Council of the Philippines , and with the enduring support of the Embassy of the People’s Republic of China , the 18th Spring Film Festival offers more than just a simple cultural exchange. It gives Filipinos a deeper understanding of Chinese culture and expands their knowledge about one of the world’s biggest film industries.   Catch renowned Hong Kong director Andrew Lau’s The Captain , a gripping action thriller based on the real-life Sichuan Airlines Flight 8633 incident where a windshield shuttered abruptly after take-off. As the temperature rapi