DEMIAN: Economic Development and its Impact: The power of community collaboration in Georgia

Published 3:00 pm Tuesday, November 5, 2024

Economic development has the potential to transform communities, bringing new businesses, jobs and improved infrastructure. However, the success and sustainability of this transformation depend largely on a unified approach from all organizations within the region.

In Georgia, as in other parts of the country, development efforts are most effective when local governments, businesses, nonprofits, educational institutions and community groups come together with a shared vision. Only through collaboration can communities achieve economic growth that is truly inclusive and beneficial for all.

Economic development can stimulate local economies, attract residents, raise property values, and enhance the quality of life. For towns across Georgia, this can mean revitalized main streets, upgraded public services, and more opportunities for local businesses to thrive.

In communities that have experienced economic hardship, these changes can be transformative, improving access to resources, reducing poverty, and creating a brighter future.

Yet, development can also bring unintended consequences. Rising property values can lead to higher taxes and rents, risking displacement for long-term residents. Local businesses may struggle to compete with large companies moving in, and infrastructure upgrades may overlook neighborhoods that need them most. Without careful planning and coordination, these challenges can undermine the benefits of economic growth.

When local organizations share a common vision, the impact of economic development becomes far reaching and inclusive. Local authorities in Georgia play a vital role by creating policies that support small businesses, protect affordable housing, and promote inclusive hiring practices. Educational institutions, such as technical colleges, can develop training programs that equip residents with the skills needed for emerging industries. Nonprofits and community groups work to ensure that all voices are heard, advocating for developments that reflect the needs and interests of everyone in the area.

This shared vision requires regular communication and collaboration among all parties involved. Community forums, public hearings, and regular meetings help ensure that diverse perspectives are considered and that decisions benefit the whole community. Involving residents in these conversations builds trust and leads to more sustainable and effective development outcomes.

In Georgia, several communities have successfully adopted collaborative approaches to economic development. Take, for example, the city of Augusta, where local organizations came together to create the Augusta Innovation Zone (Augusta Chronicle, 2023). This project transformed old industrial spaces into hubs for technology and innovation, supporting local entrepreneurs and small businesses. With backing from public and private partners, the Innovation Zone has brought new job opportunities and resources to the area while preserving Augusta’s unique character. The collaboration between city officials, local businesses, and educational institutions has been key to the initiative’s success.

Another example is the city of Columbus, which has revitalized its downtown area through a similar community-driven approach. By forming partnerships with local businesses, community groups, and city planners, Columbus created a riverfront district that celebrates the city’s cultural heritage while attracting tourists and supporting local businesses (Ledger-Enquirer, 2022). This effort has increased foot traffic, supported small business growth, and created a vibrant public space that benefits residents and visitors alike.

In rural Georgia, organizations in places like Tifton have focused on agricultural and community-based initiatives to promote economic growth while preserving the region’s identity. Through partnerships with local universities and agricultural businesses, Tifton has created training programs that equip young residents with skills in sustainable farming and agribusiness (University of Georgia, 2023). These initiatives strengthen the local economy and ensure that economic benefits reach the entire community.

For any community on the brink of economic development, now is the time for leaders and organizations to unite and commit to a common vision. Collaboration is key: If each group works in isolation, the impact will be limited, and the risk of unintended consequences increases. However, when all sectors work together, they can shape a future that fosters economic growth while preserving what makes each community unique.

In Georgia, communities of all sizes can benefit from a shared approach to economic development. By involving residents, supporting local businesses, and promoting inclusive policies, organizations can ensure that economic growth enhances the quality of life for everyone, not just a select few. The examples of Augusta, Columbus and Tifton demonstrate that when Georgia communities work together, they can achieve sustainable development that uplifts all residents.

In closing, economic development can bring substantial benefits, but it must be approached thoughtfully and inclusively. Local organizations from city councils to business leaders to grassroots groups need to work hand-in-hand, considering the needs and values of the entire community. Together, they can create thriving areas where economic growth builds a resilient foundation for the future and fosters a deep sense of community pride.

— Mary Demian is the executive director of the Central State Hospital Local Redevelopment Authority.