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Revitalizing Neighborhoods, Empowering Residents
In recent years, income inequality has only grown, and poverty has become more concentrated. Suburban areas alone saw a growth in populations in distressed neighborhoods of 139 percent from 2000 to 2012. Neighborhoods and entire cities have fallen into cycles of persistent disinvestment and distress. The call for economic developers to take action has amplified as; those who take action on these difficult issues can not only improve the livelihoods of low-income residents in distressed neighborhoods, but improve the economic well-being for all of a place's citizens.
This report outlines different strategies that when combined and approached in a holistic way can successfully attract investment to distressed areas by addressing the social, physical, and economic barriers to investment, while combating further displacement, growth in income-equality, and the concentration of poverty.
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