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All Journal Jurnal Ekonomi : Journal of Economic JIK Jurnal Ilmu Komputer Jurnal Manajemen Strategi dan Aplikasi Bisnis AKURASI: Jurnal Riset Akuntansi dan Keuangan Jurnal Akuntansi dan Manajemen Indo-Fintech Intellectuals: Journal of Economics and Business Multidisiplin Pengabdian Kepada Masyarakat (M-PKM) Greenation International Journal of Economics and Accounting Akurasi
Sinaga, Lazarus
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Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Health Professions Nursing Social Sciences

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Analysis of The Impact of Revitalization of The Blok M Area on Business Growth And Local Economic Activity Sinaga, Lazarus; Permana, Erwin; Rachmawati, Elsa
Greenation International Journal of Economics and Accounting Vol. 4 No. 1 (2026): Greenation International Journal of Economics and Accounting (March - May 2026)
Publisher : Greenation Research & Yayasan Global Resarch National

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/gijea.v4i1.766

Abstract

This study aims to analyze the impact of the revitalization of the Blok M area on urban economic dynamics through transportation integration and the development of creative public spaces. Using a qualitative method with a descriptive-analytical approach, this study examines the phenomenon of regional transformation after the integration of the transportation system and local economic activities through a literature review. The results show that the revitalization of Blok M has successfully transformed the previously stagnant area into a dynamic economic ecosystem. The application of the Transit-Oriented Development (TOD) concept significantly improves accessibility through the connectivity of the Jakarta MRT and TransJakarta. The increase in visitor flow (foot traffic) not only restores Blok M's function as a transportation hub but also makes it a relevant social destination for the younger generation. The emergence of economic agglomeration through the growth of new business units provides a multiplier effect on the local economy and empowers MSMEs. This revitalization contributes positively to the structure of DKI Jakarta's GRDP, especially in the trade sector and the provision of food and beverage accommodations. These findings confirm that an integrated urban regeneration strategy with mass public transportation is an important catalyst in driving sustainable urban economic growth.
Co-Authors Cotoro Mukri Darminto, Dwi Prastowo Harsono, Hindradjid Hayadi, Antariksa Fikri Heriansyah, Kurnia Indah Masri Indra Satria Maharani, Dinda Aulia Oktrivina, Amelia Permana, Erwin RACHMAWATI, ELSA Ramadhani, Dinda Maura Siahaan, Friska Lasmaria Wulandari Susilawati, Susilawati