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Opportunity is Local (or: You Can’t Buy a New Economy)

Opportunity is Local (or: You Can’t Buy a New Economy) | Urban economy | 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
Peter Jasperse's insight:

"If your strategy for improving local economic prospects is to drink some other city’s milkshake, you won’t get very far. It’s economic cannibalization. To really grow an economy, opportunity has to be developed organically within each community, and that requires that people dig in and improve their neighborhoods, together, for the sake of doing so–not convincing Google to open a new office down the road."

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Pedro Barbosa's curator insight, February 6, 2013 1:20 AM

Trend: Opportunity is Local

 

Pedro Barbosa | www.pbarbosa.com | www.harvardtrends.com

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What is Placemaking? - Management of public spaces

What is Placemaking? - Management of public spaces | Urban economy | Scoop.it

Placemaking is a multi-faceted approach to the planning, design and management of public spaces. Put simply, it involves looking at, listening to, and asking questions of the people who live, work and play in a particular space, to discover their needs and aspirations. This information is then used to create a common vision for that place. The vision can evolve quickly into an implementation strategy, beginning with small-scale, do-able improvements that can immediately bring benefits to public spaces and the people who use them.


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What Makes a Great Public Destination?

What Makes a Great Public Destination? | Urban economy | Scoop.it
In a recent blog post, entrepreneur-turned-VC Mark Suster wrote about the necessary ingredients for a city trying o develop a successful start-up community. His advice seemed applicable to any community that’s trying to create a strong local sense of place, so we’ve retrofitted his recommendations to speak broadly to people who are working to transform their public spaces into magnetic destinations that are reflective of the diverse communities that surround them.
Via Lauren Moss
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