Nearly 30 years ago, city officials in Littleton, Colo., put a novel theory to test: Could a small group of local businesses, with assistance from the city, boost Littleton out of its downward spiral?
The Denver suburb was reeling in 1987 after its then-major employer, missile manufacturer Martin Marietta (today Lockheed Martin) left town, laying off about 7,800 people over an 18-month period. The company also left about 1 million square feet of industrial and office space. That year, the city council directed its economic team to figure out how to not just fill the hole but to make sure Littleton was never that vulnerable again.
To read the original article: Economic Gardening Is Growing, But What Is It?
