What does Quality of Place mean to a local economy?

One might ask, “What does quality of place have to do with economic prosperity?”

My friend and colleague Lou Glazer recently asked (and effectively answered) that very question in an op-ed in the Grand Rapids Business Journal.

Lou answered his own question this way…

“The answer is talent is mobile and increasingly where the high-wage knowledge-based enterprises follow. In a Financial Times column, former New York Mayor Michael Bloomberg got it right when he wrote: “I have long believed that talent attracts capital far more effectively and consistently than capital attracts talent.’

To read the entire piece from Lou, go here.