Restoring Prosperity
The Greater Ohio Policy Center Blog
Jumpstarting development is a perennial struggle for legacy cities all over the country. Some communities lack the training and technical assistance know-how to tap into existing resources, some lack financial capital to incentivize development, and some simply don’t know where to start work in their communities.
In many weak-market neighborhoods, public investment is often required to catalyze private development. However, in legacy cities, local governments often do not have the resources to take this first step towards revitalization, which presents an opportunity for states to support local municipalities.
On November 25th, the City of Columbus and community partners announced the details of The 614 for Linden, a collaborative to advance the One Linden Community plan. The collaborative is named for six nonprofits partnering with four community development financial institutions (CDFIs) to have a positive and significant impact on one neighborhood.
