Are you Growing Your Quality of Life and Quality of Place Assets?
Quality of life and quality of place are key determinants of where businesses, workers, and families choose to live.
Communities that offer a strong quality of life see better health outcomes, educational attainment, and overall happiness and satisfaction. Communities with a desirable quality of place offer numerous amenities, an attractive built environment, and experiences related to history, culture, the arts, the outdoors, and more.
When combined, a high quality of life and place are a recipe for population growth, business attraction, and economic development success. A Brookings report claims that this formula can be even more effective than traditional incentives and business attraction strategies. In the modern day, people and companies are hand-picking where they want to live and operate, not just taking the best deal that comes their way. In this new reality, communities with the right mix of quality of life and place are the victors.
Fourth Economy can help you build a strong, healthy, and vibrant community that is equipped to grow and prosper.
Four questions to consider
What are the quality of place assets in my community?
Do all residents have access to services which support quality of life and health?
What cultural, outdoor, and community offerings bring people to your area?
Are the people in your community happy with its amenities and identity?
Our work in building out quality of life and place helps communities increase their prosperity and position themselves for future opportunities.
Life
How do your residents interact with essential services?
What are the gaps in your community’s health services and coverage?
Do residents have a positive perception of where they live?
Place
What is your community known for by residents? Visitors?
What does your community offer in terms of amenities, experiences, and aesthetics?
What guidelines exist for beautification and vibrancy along key corridors?
Identity
What is your community’s identity?
How would your key stakeholders describe the strengths and offerings of your community?
How do you reach potential residents and businesses in other markets?
Capacity
Who in your community is in charge of bettering quality of life and place?
How do you collaborate with key government departments and developers?
What tools do you have in place to drive consistent community improvements?
Project Examples
Get in touch to find out more about how you can improve quality of life and place in your community.
Fourth Economy is an economic development consultancy that uses analysis and engagement to help communities become more equitable, strategic, and resilient.
Want to know more? Get in touch!