Assess Preparedness for Market-Ready (Re)Development

A market-ready strategy recognizes that a site will attract investors if it is “suitable, accessible, developable, and approvable.” As a proactive process, a market-ready (re)development strategy goes beyond investment attraction. It better positions a community to plan and prepare for economic development opportunities and target investment to areas designated for growth and/or redevelopment. This approach encourages communities to assess whether there is a clear community vision for growth and development, a sound foundation to build upon a local government comprehensive plan, a sound and market-responsive regulatory environment, business-friendly and streamlined processes, an inventory of high-priority sites, and programs that market local assets and incentivize business attraction.

Groundbreaking at a development site with Governor Markell and representatives from the private sector, federal, and state agencies.

Groundbreaking at a development site with Governor Markell and representatives from the private sector, federal, and state agencies.

 


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