Why (Good) Economic Development is about People: Exhibit B

Money doesn't grow on trees, but maybe if we cultivate our economies it can... By Frozuki, CC license

Money doesn’t grow on trees, but maybe if we cultivate our economies, it can… By Frozuki, CC license

In my previous post¬†on economic development, I concluded that “Cities desiring economic development should¬†prioritize people: both their current residents and those they wish to attract.”

I’d like to affirm but also move beyond that conclusion a bit today, asking the question: which economic development strategies are willing to appreciate and bring about the most good for the people already present in our cities and neighborhoods? I like this question because it removes the possibility for any sort of easy way out. Too often our leaders and economic developers are tempted or pressured into quick-fixes and shortcuts, providing solutions which address the symptoms but not the causes of the problems. Continue reading