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Economic Development Strategy
Client: City of Lynn,
Massachusetts
RKG Associates, Inc. was retained by the City of Lynn, Massachusetts
to prepare an economic development strategy for this older industrial city
that had experienced an economic decline. RKG Associates structured an
overall economic development framework on which the City could focus. It
targeted the areas of business retention and expansion, attraction of new
investment, and redevelopment of the under-valued properties to higher value
uses. Within this context, RKG Associates defined and quantified specific
goals regarding new jobs, new housing units and new real estate tax revenue,
for both the short- and long-term. RKG Associates also recommended zoning
changes, future targeted public sector investments and suggested
organizational changes within local government to improve coordination among
municipal departments.
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