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‘Economic mapping’ can help cities target the best places for density and growth
March 17, 2020/
Far more cities and metro areas need to better coordinate their strategies for increasing the quality of existing concentrations of activity, and expand investments into places with potential to become such hubs.
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The first step needs to be a comprehensive and deep diving inventory of the economic elements currently in and available to a community. If it’s extensive enough, it will reveal the low hanging fruit that can be best encouraged to provide a much more active and successful economy. What are the key economic niches, who is involved, who isn’t involved but should be, who used to live here but could be involved etc.? Where can a community set itself apart to become the “red spotted zebra” (thanks Rob) in a small targeted number of market niches. It’s been done before (Phoenix and optics) and can be replicated in your community and state if you start off with the critical far reaching inventory.