Thus, being able to determine the return on a business’ investment in a community development initiative in both quantitative and qualitative terms is the next logical step in attracting further private investment. But the social and economic needs of our inner-city neighborhoods extend beyond business investment. Effective partnerships with local officials and community leaders are another key element of the revitalization process.
At the state and local levels, public officials contribute to the attractiveness of investment conditions by maintaining sound fiscal policies. These policies allow local officials to take the lead from Social Compact and begin to market local neighborhoods using the analysis that demonstrates the buying-power residing within these more challenging neighborhoods.