RUTHERFORD, NJ — Successful urban development requires a combination of strong local leadership, effective financial incentives, and an understanding of the new ways in which people go to work, say panelists at the 2015 RealShare New Jersey conference.
“People no longer work the way they used to work,” says panelist Ralph Zucker, president of Somerset Development. “In some suburban locations, you would almost have to pay people to go to suburban office parks, for what most people think would be a mind-numbing experience.”
Businesses need to have confidence in local leadership, says Timothy Lizura, president and chief operating officer of the New Jersey Economic Development Authority. “Once a municipality shows leadership, provides adequate safety, and supports an educational system that can attract new residents, then the business community can have a conversation and make a compelling argument.”
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