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Playing the odds in neighborhood development

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For many community leaders, neighborhood development can feel like a high-stakes guessing game. A new tool from Chicago’s RW Ventures firm could help end this frustration, by providing a way to strategically analyze urban neighborhoods.

The tool is part of RW Ventures’ 20 year “dynamic neighborhood” study, and will allow development leaders to tap into neighborhood assets, understand their pattern of development, and strategically identify “key interventions to drive change.” The analysis draws on statistical evidence of successful neighborhoods in order to predict which strategies work best for different types of neighborhoods. Armed with this concrete knowledge, neighborhood development can be less like a shot in the dark, and more like a well-timed business decision.

You can read more about the “dynamic neighborhood” project in a recent column by journalist Neil Peirce. Or visit the RW Ventures website for details on the project and how to participate.

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