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.

Impacts and Challenges of Immigrant Entrepreneurs on Commercial Corridors

November 15, 2019 Presentation

Immigrant entrepreneurs navigate bureaucratic hurdles, language barriers and outright xenophobia to open small businesses and pioneer distressed neighborhoods – revitalizing them, often unintentionally. Four professionals from diverse backgrounds share their experiences delving into subjects such as the cultural nuances to financing, murkiness of cash-only transactions, loose interpretation of rules and regulations, and more.

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