Introduction Pocket parks are parks that are under 0.2 acres in size. (National Recreation and Park Association, n.d.) They are the smallest size of park, often located in commercial areas or in between houses in residential areas. There is research support to the idea that pocket parks can raise property values (Mwende, 2018), in addition…
Month: September 2019
How to Build a Balanced Scorecard
Introduction The Balanced Scorecard (BSC) approach (Kaplan & Norton, 1996) was a revolutionary book for senior leaders when it was released nearly 25 years ago. Until that time, many senior leaders but especially those in business, focused purely on financial indicators of an organization’s performance. Other Key Performance Indicators (KPI) were either primarily the focus…
Keokuk County Economic Indicators
Introduction In a previous blog post, Wealth Creation in Rural Communities, I noted that an important element of wealth creation is to understand the economic indicators in your region so that you can begin to plan improvements to them. Most economic indicators collected by US federal agencies are available at the County level, but some are…
Wealth Creation in Rural Communities
Introduction Have you ever considered what it actually means to have wealth? Usually when we say someone is wealthy, we mean that they have a lot of money. But wealth is a lot more than that. Wealth is defined more broadly as “the social worth of an economy’s entire productive base [which] consists of the…