development:

… making changes with an aim towards maximizing capability, potential, quality or usefulness. For example: In commercial and industrial real estate the expression highest and best use implies development to increase value and ROV (return on value).

A greenfield site change for any purpose is likely to be subject to an appraisal. When developed real estate is seen as having a potential for a higher and better is likely to be considered for investment with the possibility of an appraisal for increased taxation as a factor. Taxes and incentives is a location data category that enterprise developers and site selectors look for when gathering information about places of interest.

See the definition of highest and best use addressed in a Propex.com article. Also, the highest and best use idiom is defined by The Free Dictionary.com.

A developer is a change agent—see the Quality Glossary published in Site Location Assistance.com for a definition of change agent. Note that the SLA website was introduced in 1997 as a resource for site selection but was soon expanded to cover for all aspects of enterprise development that lead to economic development. Site selection and change initiative are enterprise development components.

Components of enterprise and economic development defined in this glossary include area development, community development, industrial development and tourism.

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