The Power of Appreciative Inquiry for Economic Growth and Tax Revenue Increases

Let’s talk about a game-changer for local governments aiming to amp up economic development and bring in more tax revenue: Appreciative Inquiry (AI).

This approach isn’t just your typical problem-solving toolkit; it’s like shining a spotlight on what’s already working amazingly well within your community and using that as fuel for even greater success.

Imagine flipping the script from always fixing problems to highlighting successes and untapped potentials. That’s the beauty of AI—it shifts our focus from what’s lacking to what’s abundant and promising. And in the realm of economic development, this shift can be revolutionary. Jacqueline Stavros and Cherri Torres say it best in their book “Conversations Worth Having: Using Appreciative Inquiry to Fuel Productive and Meaningful Engagement”. They say ““Appreciative Inquiry  – it is isn’t about seeing the positive, it is about generating positive change towards what you want more of.” 

So, start with one of AI’s superpowers… bring everyone to the table. We’re talking residents, businesses, baristas, accountants, community groups, and government bodies—all brainstorming and dreaming up the future together. This inclusive vibe isn’t just warm and fuzzy; it’s strategic. When everyone has a say and feels invested, projects gain momentum and support like never before. But how? With AI, local governments aren’t just dictating plans from above; they’re co-creating them with the community.  It's the definition of grassroots. Picture brainstorming sessions where success stories light the way for visionary ideas. These plans aren’t just pie in the sky; they’re grounded in what the community values and wants to achieve. When projects resonate on this level, they’re set up for success from the get-go.

And here’s where things get exciting for businesses and taxpayers alike. AI isn’t just about dreaming; it’s about doing. By fostering a culture of innovation and support, local governments can inspire entrepreneurship and business growth. More thriving businesses mean more jobs, more economic activity, and yes, more tax revenue filling those coffers.

But it doesn’t stop there. AI is all about learning and tweaking for even better results. By tracking how these AI-inspired initiatives impact metrics like job numbers, tourism dollars, and overall community flourishing, governments can fine-tune their strategies for maximum impact. It’s a cycle of success that keeps on giving.

So, if you’re looking for a way to boost your local economy and see those tax revenues increase, maybe it’s time to add  Appreciative Inquiry to your toolkit. It’s not just a strategy; it’s a community mindset shift that can turn dreams of growth into vibrant, flourishing communities.