What are “third places” in communities, and why are they important to cultivate for economic development?
A number of communities and states are actively and formally promoting themselves as ideal locales for retirement. The new breed of retiree is actually less retiring and in many cases maintaining an active lifestyle that might even include some work. Housing and health care options are important but so are quality of place attributes such as access to cultural amenities and outdoor recreation opportunities.
General Electric has opened its GE Appliance’s GeoSpring Hybrid Water Heater manufacturing facility at Appliance Park in Louisville. The $38 million investment in the new product and a revitalized facility is the first realization of commitments GE has made since 2009 to invest hundreds of millions of dollars in Louisville and create more than 1,000 new jobs in Kentucky by 2014.