Municipalities in North America are currently experiencing a significant shift. With that shift comes both challenges and opportunities.
In recent years, North America has seen a notable transformation in labour markets. The idea of more traditional employment models has ebbed as aging populations makes way for younger workforces, who opt for more flexibility in their work. As a result, a ‘gig economy’ is quickly taking shape.
Alongside this new way of working comes more knowledge-based work, giving rise to service-based segments. The advent of technology and digitization is at the forefront of this movement.
Artificial intelligence and automation have already significantly changed the workplace landscape in several industries, leading to a reevaluation of skill set priority in today’s economy.
As this evolution continues, municipalities are in turn seeking to modernize their methods of generating revenue in a more digitized world. As a means of recouping taxes lost in shopping and entertainment sectors to new digitized entities such as Amazon and Netflix, some Canadian provinces have implemented new taxation models. Several municipalities in the United States have in turn increased tax on general retail, as have municipalities in European countries like Germany.
Render Developments
Alternatively, other local governments are investing in technology as a means of attracting additional investment opportunities by showcasing their municipal assets.
Render Developments is at the vanguard of the digital revolution, specializing in digital visualization and the creation of municipal touring programs – a technological asset that provides investors with the ability to view a municipality’s landmarks and main focal points in sharp detail via a virtual tour. Render has developed their leading-edge three-dimensional digital technology to create these tours for several cities to bolster municipal revenue generation, and continues to work with municipalities of all sizes to assist them in securing investment opportunities.
