Park investments, whether creating new signature parks or improving neighborhood parks, often spur economic development in the surrounding neighborhoods. In low-income communities, economic growth has the potential to create new employment opportunities, wealth for homeowners and increased business opportunities; however, too often, existing residents are left out of that economic growth and can be displaced through rising rents.
In this session learn how the Los Angeles Regional Open Space and Affordable Housing collaborative, the 11th Street Bridge Park in Washington, DC, and the City of Detroit are making strategic, proactive investments in neighborhoods in advance of park investments, to ensure that growth and economic opportunities are equitable, inclusive and benefit the existing community. Through strategic partnerships and coordination across city agencies and with nonprofit coalitions, these efforts are driving equitable workforce development, affordable housing and homeownership, and small business stabilization. Learn how park leaders and advocates can play a pivotal role in spurring inclusive economic development with parks at the center of the strategy.