CHAPTER 2

How Prosperous Is Your Community?

If you are fortunate enough to live in a nice neighborhood and have a good job, you probably feel some degree of prosperity. Other residents of your community may be as prosperous as you or more so, while some are struggling just to get by. But, overall, would you consider your community to be prosperous? If out-of-town friends came to visit and you took them on a tour showing them the neighborhoods, retail shops, restaurants, local industries, and other “good” parts of town, would it be hard to avoid the “bad” ones? Several years ago, a mayor gave a group of economic developers, including one of the authors, a tour of his small southern town. He pointed out historic homes, a new city hall, and scenic ...

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