Braddock, east of Pittsburgh, Pennsylvania
Community building in the United States is on the verge of something special. As we observe trends in economy, demographics, energy consumption and cultural prefernces, we see the outlines of a New American Frontier slowly emerge from the settling dust of the Great Recession. Recent observations about New Brainard, New Hope, and North Adams all describe places with the potential to be prototypes, (re)discovering the value that small and midsize cities can bring to our economies, quality of life, and natural environment. Acting like startup companies, these towns are on the forefront of innovation, of trial and error, and productivity. They are large enough to matter but small enough to be affected by change. Individually, their margins today may be small, but they are sustainable; and taken together, their market potential is enormous. We have come to call them Investment Ready Places.
Like small businesses and startups, communities pushing into this New Frontier exhibit specific entrepreneurial personality traits. In her post about New Hope, Jennifer Krouse outlines some critical ones:
Openness, creativity, social capital and an experimental mindset are important assets. But mustering those assets is not enough; we have to deploy them.
"[Deploying] them" is the operative phrase. Our current finance, regulatory, and development regimes have calcified and must be shaken up to move once again toward a stronger, more prosperous state. Like all great startups, Investment Ready Places have the ability to redefine development philosophy and dismantle some of the dogmas that have precipitated failure in our cities. We can once again tap into a deeply-rooted town building culture that builds upon inherited patterns for creating dynamic, resilient, affinitive places.
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