Tag: Amazing Place

Recorded webinar: “Amazing Place” kickoff discussion

amazing-place-webinar-iconBoise, Denver, Greenville, Minneapolis, Nashville, and Pittsburgh are six of the many cities using a new strategy for economic development. Rather than offering tax breaks to lure companies, these cities are creating walkable, vibrant, inclusive neighborhoods that are attracting residents and employers, supporting existing businesses, and fostering entrepreneurs.

We talk about this new approach in our most recent report, Amazing Place: Six Cities Using the New Recipe for Economic Development. The report takes an in-depth look at the development strategies at work in these six cities, and is designed to show communities everywhere how to create diverse and durable local economies that last beyond the lifecycle of any one employer.

As part of Tuesday’s kickoff for the new report, we hosted an online conversation about creating these amazing places. Participants heard an overview of the guide as well as a detailed discussion about development in Denver, Greenville, and Pittsburgh. A recorded version of the webinar is now available.

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Introducing “Amazing Place”

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For decades, local economic development has revolved around enticing companies to relocate with tax breaks and subsidies. There are a lot of problems with this approach, but perhaps the biggest is that today, it’s a strategy that often simply doesn’t work.

A new trend in local economic development is emerging. Talented workers—and the companies who want to employ them—are increasingly moving to walkable neighborhoods served by transit, with a vibrant mix of restaurants, cafes, shops, cultural attractions, and affordable housing options.

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Join us for the launch of “Amazing Place”

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For decades, if a community wanted to increase jobs, the go-to approach was to offer companies tax breaks and subsidies to relocate there.

This approach has lots of downsides. But perhaps the biggest problem for economic development officials now is that too often, this strategy simply doesn’t work.

Companies today are less interested in tax breaks and more interested in vibrant neighborhoods with affordable housing options, restaurants, nightlife, and other amenities in walking distance, and a range of transportation options for their employees.

If tax breaks were the old way to do economic development, creating great places is the new way.

On Tuesday, June 28, we’ll release Amazing Place, which details how six cities are using a place-based approach to economic development.

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