Knowledge Center

Economic Development

A primary objective for place managers is fostering a healthy, sustainable, diverse and prosperous economy for the managed place. The place manager collaborates and works closely with various levels of local and regional economic development organizations, developers, real estate brokers, private firms, philanthropic foundations, destination management organizations, non-profits, and state and federal government agencies, while representing the specific and unique needs, challenges and trends of the managed place.

Additionally, the place manager will work to recruit and retain businesses, conduct market research, encourage a strong local workforce, maintain a diverse mix of commercial and residential development, and facilitate a built environment that is accessible for all users to live, work, play, visit and invest.

Everybody Innovates Here: Accelerating Innovation and Entrepreneurship Downtown

November 15, 2019 Presentation

This session will show how to develop a higher-impact, sustainable, inclusive and more effective way to accelerate innovation and entrepreneurship downtown through programs, places, nerve centers, districts and ecosystems. Two case studies will illustrate these concepts: a downtown district in Metuchen, NJ with over $100 million of investment since 2016, and Makerhoods, innovative live-work space, also in New Jersey. These examples will show how innovation is achievable by everyone.

We’d love for you to see this member-only resource to help make a difference in your district. Make sure you are logged in or join IDA to learn more about how members get sh*t done!