Summary
Contents
Subject index
In Economic Revitalization: Cases and Strategies for City and Suburb Fitzgerald and Leigh answer the need for a text that incorporates social justice and sustainability into how we think about and practice economic development. It is one of the first to talk about how revitalization strategies are implemented in both cities and suburbs, particularly inner-ring suburbs that are experiencing decline previously associated only with inner-city neighborhoods. After setting the context with a brief history of economic development practice and its shortcomings, Fitzgerald and Leigh focus on six economic development strategies: sectoral strategies, Brownfield redevelopment, industrial retention, commercial revitalization, industrial and office property reuse, and workforce development.
Commercial Revitalization in Central Cities and Older Suburbs
Commercial Revitalization in Central Cities and Older Suburbs
Local economic development planners need to be concerned about and engaged in commercial revitalization efforts because a good commercial retail base is a necessity for a strong local economy. Essentially, local economic development planners are seeking to foster what has been called the “virtuous cycle of retail” (U.S. Department of Housing and Urban Development [HUD], 1999a, p. 3). Within this cycle, businesses move into economically disadvantaged areas and, in so doing, hire local residents, leading to increases in local incomes. Higher local incomes enable residents to have higher spending and savings. Businesses, in turn, experience higher demand and resulting higher profits. They then hire more retail workers that again leads ...
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