Thursday, June 30, 2016

Building Bike Infrastructure Is The New Economic Development

It didn’t feel right when I heard via the Washington Business Journal that Arlington County, Virginia paid energy company Opower $2M to remain and not move away (Opower to Remain In Arlington, February 8, 2016; Daniel J. Sernovitz). This goes against years of policy of not paying companies in money or tax breaks to stay or come to the County. Arlington had always refused to play the old economic development game of attracting and retaining companies by essentially bribing them. If a company didn’t recognize the jurisdiction’s bona fides of proximity to the capital, great schools, great transportation and a young and educated work force than were they a good fit anyway? With a growing vacancy rate perhaps times are changing.
But could the County have gone another way? Word on the street was Opower’s young Millennial staff was looking for, amongst other things, a more bike-friendly place and the vibrancy that brings to place making.
From Pittsburgh to Chicago, from Salt Lake to Austin, and places like San Francisco,Seattle, Portland, Indianapolis, the District and many more, leaders are increasingly fighting the economic development battle by building bike infrastructure which attracts Millenials, and the companies that want them.
Read the rest of the story here.

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