Start here · Essential guide
The Impact of Urban Renewal on Local Business and Economy
An overview of how urban renewal changes the operating climate for existing firms, from construction disruption and foot traffic to rents and local revenue.
Access and Economy
How renewal affects existing firms, entrepreneurs and local tax revenue.
Start here · Essential guide
An overview of how urban renewal changes the operating climate for existing firms, from construction disruption and foot traffic to rents and local revenue.
How new development, as distinct from renewal of older areas, can change local spending, land values and employment, and why the effects are uneven.
A look at the programs and conditions that help new ventures start in renewing areas, from affordable space and small loans to permitting and mentoring.
The viewpoint of existing owners and founders: coping with construction disruption, deciding whether to relocate, and facing rising rents when an area is renewed.
How clusters of suppliers, customers and peers form or break up as an area changes, and why a business ecosystem is more than a row of storefronts.
A labeled hypothetical composite follows four shops through a renewal project and shows the factors that usually decide which businesses stay.
The kinds of local revenue that renewal can change, including property, sales and fees, and why gains often arrive years after the public spending.
A hypothetical example with simple, hand-checked numbers shows how a city might compare added tax revenue with debt payments, service costs and incentives.
What makes an area attractive to new firms, including space, access, permitting and talent, and the risk that success prices out the businesses already there.
Related topics