<p><b>An examination of how the (hyper)local is the locus of real change<br><br></b></p><p>Many of America¿s downtowns, waterfronts, and innovation districts have experienced significant revitalization and reinvestment in recent years, but concentrated poverty and racial segregation remain persistent across thousands of urban, suburban, and rural neighborhoods. The coronavirus pandemic magnified this sustained and growing landscape of inequality.<br>Uneven patterns of economic growth and investment require a shift in how communities are governed and managed. This shift must take into account the changing socioeconomic realities of regions and the pressing need to bring inclusive economic growth and prosperity to more people and places.<br></p><p>In this context, place-based (¿hyperlocal¿) governance structures in the United States and around the globe have been both part of the problem and part of the solution. These organizations range from community land trusts to business improvemen