Larisa Ortiz Associates conducted a Citywide Economic Market Study for the City of Trenton. The study was the first phase of a larger economic development planning process and served as a baseline collection of economic data so that the City’s new administration could make informed decisions about next steps, including development, projects, and prospects over the next 20 years. The scope of work included focus groups and interviews with Trenton residents, community leaders, institutions, property owners, business owners and real estate developers to provide an in-depth analysis of the current and future economic climate based not only in market, housing, and demographic data, but also on-the-ground input.

Trenton is experiencing a period of disinvestment from both the public and private sectors, and has remained stagnant as the surrounding region booms. In order to turn this pattern around LOA researched current citywide trends in demographics, employment, housing and physical infrastructure. The data informed the identification of strengths, weaknesses, opportunities, and threats found in Trenton. Our approach emphasized current assets –including the City’s rich history, building stock, anchor institutions and arts organizations – as starting points for development and investment in the city. The team also worked to identify and prioritize threats and weaknesses that may hinder investment or development if left unaddressed.

The final product was presented to the steering committee and Trenton’s new administration.