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This paper seeks to explore leading theories and concepts in professionalising the emerging field of business district management.

In the context of globalization and localization, it discusses distinctive place‐based elements of business improvement districts (BIDs), such as: law, nomenclature, assessment formulae, and branding; while suggesting and analyzing strategic international application of certain theories and concepts.

As an outgrowth of a literature review of globalizing cities, public administration, urban management, and BIDs together with semi‐structured interviews of respondents in connection with doctoral dissertation research and in view of co‐designing curriculum for and teaching a business district management certification program; research reveals that public entrepreneurship, social capital, network governance, and performance management can transcend disciplines and cut across sectors to be key theories and concepts for education and training of business district managers worldwide. However, management training is to be contextually developed consistent with branding techniques for the business district.

Future research and evaluation of BIDs in the globalizing metropolis can ground theory to inform best practices and professional standards that will enable similarly situated business districts across the globe.

Examining BID management is not new, however the thrust toward professionalising the field is new.

The purpose of this Editorial is to introduce the subject of place management and, more specifically, the Journal of Place Management and Development.

The approach is reflective, reflexive and indulgent. The Editorial examines the background to place management and summarises current practical and theoretical interpretations on the subject, that have been written by the JPMD Editorial Board.

The Editorial establishes the breadth of the topic of place management as well as making some tentative predictions about where research in the subject could or should go in the future.

The Editorial calls for more joint research between academics and practitioners, to ensure that research is academically grounded but practically relevant.

The Editorial is a good introduction to the subject of place management and should be read by academics or practitioners with an interest in the subject.