How do public spaces strengthen local economies? Here are 4 ways.

When you go to a neighborhood park or hang out at a recreation center, you may not think about the economic impact of the public amenity you are enjoying. But research shows that our public spaces can generate significant economic value. For example, a UN Habitat study showed that every $1 spent on park maintenance in Philadelphia generated nearly $100 in economic value. And when investments are made with intention, public spaces can help catalyze equitable economic opportunity in cities and neighborhoods while reducing costs from health care to climate change.

Here are four ways that public spaces can contribute to local economic growth.
1. Public spaces attract people to live and visit
2. Public spaces generate social bonds that spur innovation and employment
3. Public spaces increase property values
4. Public spaces help reduce other costs

Read the full article on Reimagining the Civic Commons

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