Opportunity is Local (or: You Can’t Buy a New Economy) | Harvard Trends | Scoop.it

Truly great places are not built from scratch to attract people from elsewhere; the best places have evolved into dynamic, multi-use destinations over time: years, decades, centuries. These places are reflective of the communities that surround them, not the other way around. Placemaking is, ultimately, more about the identification and development of local talent, not the attraction of talent from afar.

 

Places aren’t about the 21st century economy. They are about the people who inhabit and develop them. They are the physical manifestations of the social networks upon which our global economy is built. Likewise, Place-making is not about making existing places palatable to a certain class of people. It is a process by which each community can develop place capital by bringing people together to figure out what competitive edge their community might have and improve local economic prospects in-place.


Via Lauren Moss