Playbook: Rethinking Sustainable Investment to Create Economic Development

Economic Development: The Key to a Sustainable and Resilient Municipality

Following several years of turbulent economic times for local governments, many municipalities are placing an increased importance on economic development in their communities. In a recent survey from the National League of Cities, economic development was the top priority for U.S. mayors in 2024, closely followed by infrastructure modernization.

The importance of economic development is increasing rapidly due to unexpected population shifts, inflation, record unemployment and growing recessionary pressures. Master plans from even a few years ago may already feel out-of-date as a new reality has changed historic patterns of where people want to live, work and spend money. Seemingly overnight, many municipalities are having to rethink their plans for public infrastructure and services, as well as revenue streams that are more resilient in the face of so much disruption. Download to learn more.