Investment Ready Places is a new description of small towns and mid sized cities, from the team at Street Sense: Atul Sharma, Kevin Lavelle and Joseph Nickol.
Small towns and cities have lots of potential. Mid-tier towns and cities are our most dynamic urban settlements and have the largest untapped potential for fostering economic growth. They vary in size from a town of a few thousand people to small cities with a couple hundred thousands residents. They are small enough to be affected by incremental change and large enough to afford opportunities to create substantial impact. They provide us the stimulus of direct action followed by relatively quick, tangible change.
They’ve put together a report introducing the concept of Investment Ready Places. They also have a checklist that guides you in evaluating your small town’s potential, and a map of places that have completed the IRP checklist.
The checklist divides towns into four categories, from good enough to attract other investors all the way down to “look elsewhere.” (I agree that Not every small town can be saved.)
If you evaluate your small town using the checklist, you might want to list it on their map that they call the IRP Locator.
Want to learn more? Head to the Investment Ready Places page.
New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Subscribe.
- Rural tourism trends say small towns are still cool - March 27, 2023
- Move Your Money and Bank Local - March 22, 2023
- Using a building as a warehouse or storage in a small town? Put up a sign - March 13, 2023
- How to get customers in the door of small town and rural retail stores - February 19, 2023
- Check your small business website for outdated pandemic changes, missing info - January 31, 2023
- Rural Tourism Trend: electric vehicle chargers can drive visitors - January 15, 2023
- 2023 trends for rural and small town businesses - December 26, 2022
- Local reviews on Google Maps drive enduring value - December 17, 2022
- Extra agritourism revenue from camping, cabins and RVs with HipCamp - December 12, 2022
- Harvest Hosts attract vanlifers and RV tourists, Boondockers Welcome - December 2, 2022
What a great resource here! “They are small enough to be affected by incremental change and large enough to afford opportunities to create substantial impact.” What a perfect description.
Thanks for this guys!
Hi Becky,
Small towns and medium sized cities are definitely diamonds in the rough. Opportunities abound and often costs are considerably lower for a really great lifestyle. In fact, I’ve often been of the opinion that small towns or medium sized cities make great incubators for startups assuming there is sufficient talent available.