NeighborWorks NBP Training (February 2016): Originally developed as a two-day training for HUD Choice Neighborhood program grantees, this presentation was delivered to grantees from NeighborWorks America's Catalytic Grant Program. The training presents the rationale and structure of a new approach to comprehensive neighborhood economic development: "neighborhood business planning." After walking through the effects and implications of the transition to the knowledge economy, the presentation provides a framework for seeing neighborhoods as dynamic systems whose role in the economy is to develop and deploy assets (e.g., workers, businesses) into larger markets.
An overview of neighborhood types and their unique roles within regions follows, along with data on the typical trajectories of different neighborhood types. Sections on each of five market levers (human capital, clusters, innovation and entrepreneurship, urban growth form and governance) show how the development of neighborhood goals, market analysis, strategies and initiatives can create neighborhoods of opportunity in connection with their region. Local-facing issues like housing, retail and other amenities are examined in relation to their effect on creating neighborhoods of choice that certain populations are attracted to, influencing a neighborhood's type and trajectory. The presentation concludes with an overview of the most comprehensive application of neighborhood business planning to-date: the Greater Chatham Initiative.
HUD Choice Neighborhoods Conference: Positioning Your Neighborhood for Economic Development (March 2016): Delivered by RW Ventures, Chicago TREND and the Columbus Metropolitan Housing Authority, this pair of training sessions were designed to help communities pursuing retail, industrial land use, small business or other economic development projects think more strategically about how those efforts can align with and leverage other local development activities. The morning session used a case study from Columbus to illustrate how the viability of a retail project can be informed and enhanced by interrelated strategies to revitalize the surrounding neighborhood. The afternoon session used an industrial land redevelopment case study from Atlanta to explore how to connect regional industrial opportunities to neighborhood assets and development - sometimes referred to as "economic place-making."
Greater Chatham Initiative: Comprehensive Plan for Economic Growth and Neighborhood Vitality (June 2016): This document is the culmination of an innovative, two-year effort to develop an integrated and mutually reinforcing set of strategies and initiatives to drive growth in four contiguous Chicago neighborhoods: Chatham, Auburn Gresham, Avalon Park and Greater Grand Crossing. The plan reflects a new, replicable approach to neighborhood growth planning, embedded in the context of regional economic opportunities. Chapter I lays out the economic foundations of the plan, and is followed by a rigorous market analysis, articulation of the plan's 16 strategies and an outline of the lead implementation initiatives and institutional infrastructure.Download Documents
Chicago TREND: One-Page Profile and Background Presentation (May 2015): Chicago TREND (Transforming Retail Economics of Neighborhood Development) combines innovative predictive analytics, deal brokering and financial products to support "retail on the leading edge" of emerging neighborhood markets. The new initiative - including partnerships with ICSC, Nielsen, Econsult Solutions and leading retailers and developers - aims to enable retailers, developers, investors and neighborhoods to better target particular types of retail to specific changing neighborhoods offering retail opportunity that will help drive the neighborhood change. The initiative is led by Lyneir Richardson. To discuss potential retail development and partnership opportunities, please contact him at firstname.lastname@example.org.
Strategic Development Scenarios for the Annie E. Casey Foundation’s University Avenue Site (July 2014): This presentation, delivered to the Annie E. Casey Foundation’s leadership team, provides a set of strategic redevelopment scenarios for a 31-acre site the foundation owns in the Pittsburgh neighborhood of Atlanta, GA. In the context of growing opportunities in the next-economy for “economic place making” which aligns neighborhood and regional development, a cross-disciplinary team – including partners Mass Economics, Stoss Landscape Urbanism, TSW and Noell Consulting Group – undertook extensive regional and local market analysis and stakeholder engagement to identify a range of market-feasible development alternatives for the site that would maximize opportunities for community residents and businesses. The team explored development opportunities ranging from a food innovation park to a “blue-collar innovation district.” This presentation summarizes the team’s approach to the project, its market and site findings, recommended strategic development scenarios and a proposed strategy for taking the site to market for development. The team’s work is described in more detail in a set of non-public deliverables prepared for the foundation.
Linking Regional Economic Clusters with Targeted Urban Places in Indianapolis (August 2014): This set of documents reflects recommendations for leveraging urban industrial corridors in Indianapolis, Indiana in ways that support high-growth-potential regional clusters. The project was undertaken by RW Ventures in partnership with Mass Economics, Bookman Associates, Capraro Consulting and Jones Lang LaSalle on behalf of Indianapolis LISC. The presentation describes the urban opportunities among targeted economic clusters, ultimately recommending a focus on (a) Food Manufacturing and Distribution and (b) Local Business-to-Business (B2B) Services. The report then provides a more in-depth description of those clusters and articulates a location profile for each that captures the location preferences, site characteristics and building requirements of firms in those clusters. Finally, the report offers recommendations for promoting growth of the Food Manufacturing and Distribution and Local B2B clusters in existing industrial areas in Indianapolis and proposed methodologies for the next round of cluster development and industrial land analysis.
Economic Place-making: How to Develop a “Neighborhood Business Plan” (May 2014): Developed as part of a two-day training for planning and implementation grantees from HUD’s Choice Neighborhoods program, this presentation walks through the logic and structure of a new approach to comprehensive neighborhood economic development: “neighborhood business planning.” It begins by describing the changes taking place in the knowledge economy, which present opportunities for metropolitan areas and especially urban neighborhoods, and suggest a new approach: neighborhood business planning. The presentation then offers a framework for understanding neighborhoods as dynamic systems whose economic function is to develop and deploy their assets into larger markets.
An overview of neighborhood types and their functions within regional systems follows, including description of how different types of neighborhoods change over time. Sections on each of five market levers (human capital, clusters, innovation and entrepreneurship, urban growth form and governance) walk through illustrative neighborhood goals, market analysis, strategies and initiatives to drive neighborhood prosperity in connection with its region . Another module focuses on how local-facing issues like housing, retail and other amenities reflect the neighborhood’s position in the region, but also can shape a neighborhood’s type and trajectory. The presentation concludes with an illustrative, high-level sample business plan that brings together all prior components.
Lessons from the Field: How 21st Century Community Development Can Inform Federal Policy (December 2010): This paper, published in the first edition of the Journal of the Institute for Comprehensive Community Development, addresses the importance and functions of neighborhoods; identifies best practices in neighborhood development; illustrates these using highlights from LISC’s Sustainable Communities program; and offers suggestions for federal policy.Download Documents
Dynamic Neighborhoods: New Tools for Community and Economic Development (September 2009): The Dynamic Neighborhood Taxonomy (DNT) project provides new analysis on how urban neighborhoods operate, how they change over time, what factors determine their success and how these dynamics vary across different types of neighborhoods. In doing so, the project also created a new generation of analytic tools for businesses, investors, funders, governments and community development practitioners to use in better targeting investments and interventions in urban communities. The findings and tools from this major three-year collaborative project, sponsored by Living Cities, are detailed in an Executive Summary, Report and Appendices.
Foreclosure Effects on Neighborhood Property Assessments (Fall 2009): RW Ventures' recent analysis of the impact of foreclosures on neighborhood property values has begun to garner attention from civic sector stakeholders. Bob Weissbourd and Michael He have presented the findings of the firm's work for the Cook County Assessor's office in addresses to both the National League of Cities' Community and Economic Development Committee and the City of Milwaukee's Community Economic Development Committee.
Analyzing Local Economies: This Power Point, prepared for the Aspen Institute Roundtable and Funders' Exchange on Community Change, Poverty Reduction and Prosperity Promotion, presents a new framework for thinking about neighborhood change, as well as a new set of findings from the Dynamic Neighborhood Taxonomy project.
Dynamic Neighborhood Taxonomy: New Tools for the Field (October 2007): This Power Point, prepared for the UMI Forum on “Connecting Communities”, includes a short background section on the Dynamic Neighborhood Taxonomy project and its initial findings, and then previews some of the new tools that the project is developing. For more information on the project, please register here.
Regional Effects and Convergence in Dallas Neighborhood Housing Markets (Fall 2007): This paper, published in the Williams Review, presents selected results from the first phase of the Dynamic Neighborhood Taxonomy Project. In particular, the paper investigates two key questions relating to the dynamics of neighborhood change: the extent to which change in housing prices at the neighborhood level is driven by change in the region, and the extent to which neighborhoods tend to converge over time.Download Documents
Neighborhood Scan: San Antonio (2004): These reports exemplify a line of work conducted with MetroEdge for the Annie E. Casey Foundation and other community development institutions across the country. RW Ventures conducts
specialized market analysis to assess the economic potential of urban neighborhoods, particularly for the purpose of commercial development. Using specialized metrics, data and software, we can evaluate the market opportunity for commercial development in specific neighborhoods and locations, providing community and government leaders with intelligence to attract and grow business in their cities.
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