Smart Growth and Economic Success
Source: Environmental Protection Agency (EPA)
Smart growth development is compact and walkable and provides a diverse range of choices in land uses, building types, transportation, homes, workplace locations, and stores. Such development projects are attractive to private-sector interests because they can find a ready market and compete financially. They appeal to local governments because they can be the building blocks of a growing economy and high-quality, economically sustainable neighborhoods and communities while also helping to create a cleaner, healthier environment.
This report is the first in a series from EPA's Smart Growth Program designed to inform developers, businesses, local government, and other groups about the benefits of smart growth development. Additional reports will build on this work, exploring how real estate developers and investors can overcome real and perceived barriers to benefit from infill opportunities, how decisions about where to locate will impact the bottom lines of businesses, and why smart growth strategies are good fiscal policy for local governments.
