Heard on the Street: venture development, main street economic development, and more

Heard on the Street – here’s what we were reading last week:

HQ2 Cities: There’s a Better Way to Do Economic Development: Cities are offering up record-breaking economic incentives packages to lure Amazon. However, research suggests that “public funds generate far better—and more immediate—returns when they are prioritized for smaller, Main Street-scale economic development efforts.”

Boston Threw Millions At Roxbury, But Development Has Been Slow To Respond: “Boston is pouring millions into Roxbury to jump-start what was once one of the city’s top shopping destinations, but key players stress it will take more than outside capital to spread Boston’s building boom into its historically African-American neighborhood.”

DL3 Realty, one of Chicago’s most active community developers: Recent Next Street client Leon Walker talks with Enterprise Radio about his work in Chicago, and what it means to work in “venture development.”

Obama, officials address community concerns as they finalize plans for center: “After weeks of laying the groundwork for his Presidential Center, former President Barack Obama and members of the Obama Foundation renewed their case to community members about the positive effect the center will have on the Jackson Park community at a public meeting.”