BRAND NEW STUDY--ECONOMIC IMPACT OF COMMUNITY GARDENS

STOP THE PRESSES!
Adam may have known this study was in progress (it's based in NYC); released late last month, I just got it from my researcher this morning. Haven't looked at the full doc yet, but it quantifies the many economic benefits community gardens bring to an area. Hot stuff!

Here's the best graph from the abstract:
We find that the opening of a community garden has a statistically significant positive impact on residential properties within 1000 feet of the garden, and that the impact increases over time. We find that gardens have the greatest impact in the most disadvantaged neighborhoods. Higher quality gardens have the greatest positive impact. Finally, we find that the opening of a garden is associated with other changes in the neighborhood, such as increasing rates of homeownership, and thus may be serving as catalysts for economic redevelopment of the community.

Here's the link to the entire abstract, with options for downloading the full paper:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=889113

Use it well!
----Mike McG


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