Change the cycle you are in

Stagnating neighborhoods and cities are signals you have maxed out the original benefits of a particular place. The attraction of new workers has slowed. Another location has become more attractive to individuals and families. Your existing residents and companies are struggling to see value and reasons to remain in place.

The decline of a place is not inevitable. However, the road to poverty is paved with good intentions. Wealth is necessary and vital for any place to thrive. Wealth flows to places where demand is high, and supply is low.

If you’re interested in creating connected, vibrant, and inclusive neighborhoods and cities, then you likely care not to see people left behind. However, good intentions must become a set of practices that change the cycle.

Place development cultivates innovation continually. Innovation attracts (population growth), produces new things, and adds to the offerings that ultimately make your neighborhood or city a top destination to live, work, learn or play. Place development keeps towns and communities moving forward.

Utilize the place development framework to increase the rate of innovation. When you increase the rate of innovation, there will be prosperity for all. Stagnation is only inevitable only if you choose it.