Love Your Town

Results from a new study show that towns have better economies when the residents show them a lot of love

The “Knight Soul of the Community” survey explored the connection between local economic growth and residents’ emotional bond to a place. Results clearly show a significant, positive link between resident attachment and local GDP growth, conclude researchers and Ellis, the foundation’s vice president for strategic initiatives.

I am going to refer back to a couple of blog posts that I have posted in the past here and here. In both of them, I mention Jane Jacobs and her import replacement theory. The theory simply states that total local employment is the product of basic local employment and the propensity to consume locally. If town residents are consuming only locally produced goods, then the local employment in the area increases as a result–the same holds true as basic local employment increases too; in addition, there is a massive explosion of total local employment if both basic local employment and the propensity to consume locally both increase.

If you show your town some good old fashion lovin’ by “spend[ing] more time there, spend[ing] more money”, you might just find that people will be “more productive and tend to be more entrepreneurial,” which can be tied to Jacobs’ new work coming from old work. In return the town may show you its own kind of lovin’, but only as friends. 🙂

2 thoughts on “Love Your Town

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s