Regional Investment Proposal Could be a Game Changer for Quality of Place Initiatives in Indiana
hile quality of place may be defined differently by people, a growing number of Hoosiers recognize the importance of this issue. In particular, the impact of quality of place on talent attraction and retention in a geographic area cannot be ignored. The future of every community is dependent on quality of place.
Like many Midwestern states, Indiana is not growing at the same pace as areas in the southern and western regions of the United States. As a result, our talent pool is not expanding as quickly and diversely as needed to grow all components of our state’s economy. In order to control our own destiny, we need to act boldly to address this challenge.
This slower rate of growth applies more pressure on local elected officials to identify creative ways to make their communities attractive for people to live, work and play. The issue is further complicated by the fact that quality of place amenities are viewed differently based on age, ethnicity, income, education and several other factors. It is important for community leaders to understand their communities in order to strategically invest in community assets.
In the post-property tax reform world, many local elected officials in Indiana do not have the financial resources to adequately meet the needs of the areas they serve. In addition, capital is very limited when it comes to investing in new quality of place assets. Based on this situation, it is important for communities to be empowered to adopt fiscal measures that work for their areas.
Read the rest of the article written by Ginovus Executive Managing Director, Larry Gigerich on Inside Indiana Business here: http://www.insideindianabusiness.com/story/40333526/regional-investment-proposal-could-be-a-game-changer-for-quality-of-place-initiatives-in-indiana