Placemaking as Economic Development

Placemaking as an economic development strategy, also called place-based economic development, is the practice of using a community’s public amenities to make economic progress. This approach focuses on the unique features of particular places, building on existing assets, and using them to attract new investment and strengthen existing businesses.

The Project for Public Spaces (PPS) defines placemaking as, “a multi-faceted approach to the planning, design, and management public spaces.” A growing international movement, placemaking capitalizes “on a local community’s assets, inspiration and potential, ultimately creating good public space that promotes people’s health, happiness and well being.”

The Placemaking section of the Delaware Complete Communities Planning Toolbox discusses benefits of this economic development strategy and ways it is being used in Delaware.

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