The abundance of data now available allows cities to make strategic decisions on how best to deploy resources to stabilize and revitalize their neighborhoods.
Addressing the challenge of distressed neighborhoods can be daunting – and many cities may not know where to start. Since resources are limited, cities and their partners must work together to methodically implement their strategic plans.
Now more than ever, data is helping cities of all sizes make decisions on how to deploy their resources in order to make the biggest impact. Data, however, is only useful when one knows what to do with it.
The Board of Governors of the Federal Reserve System published “Putting Data to Work: Data-Driven Approaches to Strengthening Neighborhoods” to highlight successful uses of data in neighborhood revitalization.
This tool will prove useful to local leaders who are looking for ways to use data to perform market analyses and address disinvested neighborhoods.