revitalize
verb [ T ]
(UK also revitalise) uk/ˌriːˈvaɪtəlaɪz/ usto make something grow, develop, or become successful again:
revitalize an economy/industry/business A variety of policy initiatives have been undertaken aimed at revitalizing the economy.
revitalize a city/an area Community leaders are working hard to attract new industry and revitalize the downtown area.