This stepbystep process for preparing a smart growth economic development strategy is based on six principles. A ceds is the result of a regionallyowned planning process designed to build capacity and guide the economic prosperity and resiliency of an area or region. Watford borough council economic development strategy 20152020 page 1 setting the scene context of this document this document sets out the economic development strategy for watford. To do this, the citys economic development office edo has embarked on the creation of a new five year economic development strategy with the help of a consultant team from hatch. I have the honour formally to submit to you my report. It also provides an overview of work conducted at the oecd directorate of science, technology and industry, notably including ongoing activities in support of the oecd strategy on development. Stanislaus county comprehensive economic development. Economic development strategy4 key messages of the strategy advancing economic development in the poorest countries is a hallmark of building global britain. It is based on our professional conviction that design capabilities encourage economic growth. It is an essential part of how britain is helping make globalisation work for all and furthering our national interests by playing a leading role on the international stage.
By understanding connecticuts particular strengths, we can target economic development resources on businesses with the best opportunity to succeed. India economic strategy letter of transmission dear prime minister and minister on 4 may 2017 you asked me to lead the development of an independent report to the australian government on an india economic strategy. The group used a threepronged framework to illustrate how industry, people and place all work toward a complete economic development strategy. On the other hand, for rapid economic development the developing countries should rely largely on judiciouslyplanned unbalanced growth.
Asheville, ncs highgrowth industries stem from the enduring pioneer spirit of western north carolina. The economic development policies and plan falls within the economic development category and is numbered 211. Simply put, a ceds is a strategydriven plan for regional economic development. A vision and a strategy economic development of burma khin maung kyi, ronald findlay, r. The comprehensive economic development strategy ceds is a tactical economic development plan consistent with the growth policy and goals of the regional polic y plan, which provides a vision of the future and a framework for collaborative action. This strategy was prepared after studying and analyzing the political, economic and social reality of iraq for more than six decades. The overriding objective of the strategy is to maintain, develop and grow the towns economic development. The first step in defining economic development is distinguishing it from the concept of economic growth. The vision of the department of economic development is encapsulated in the vision of the national growth and development strategy which requires the province to be. Sustainable economic development strategies generate substantial economic and employment growth and sustainable business and community development by demonstrating that innovation, efficiency, and conservation in the use and reuse of all natural and human resources is the best. Shockoe economic revitalization strategy acknowledgements city of richmond mayor dwight c. The number 211 also appears before each part number e. The liberal part of liberal democracy is rule of law.
As there is no single definition for economic development, there is no single strategy, policy, or program for achieving successful economic development. Rereading the strategy of economic development after so many years reveals anew the chasm between the breadth of economic thought in the years which paul krugman called the high development economics and the misery of the quantitative distortions of complex realities that has dominated the field of economics in the last four decades. This economic development strategy is a core component of ouncils strategic plan, to implement the goal of achieving za strong, diverse and sustainable economy. Economic development strategy saint paul, minnesota. The strategy is based on the assumption that countries at varying levels of development contribute to the achievement of global sustainable economic growth, and that all countries can prosper by learning from one another, generating ideas together, and improving our policies based on the principles of. Overview this economic development strategy is a plan to coordinate and guide the countys economic development activities. This economic development strategic plan is a 35 year guide for new castle countys economic development. Chapman, deputy chief administrative officer, economic development and planning p. Lee downey, director, economic and community development.
The paper attempts to build a case for creating industrial. The governments economic policy will achieve prosperity through reducing unemployment. The 20172019 economic development strategy eds guides the city of san diego s economic development e. The three core components of a smart growth economic development strategy are. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Iraq has many opportunities, both materials and human, as well as its depth, roots and multiplicity of crises.
Economic development strategy and action plan prepared by wadleydonovan growthtech, llc and garnet consulting services, inc. The strategy of unbalanced growth has come in for severe criticism. The numbering system for each table and figure therefore designates, for example, the second table in part two as table 211022. Economic development strategy page i2 additional material for the document by working with members of team mifflin county, mcidc, and the mifflin county planning commission. Community and economic development strategy fy 2002 2004 t he citys current economic development strategy was adopted as a response to the economic downturn of the early and mid1990s, and provides for business development assistance to the six targeted industry clusters of telecommunications, biomedical biosciences. Framework for creating a smart growth economic development. It is guided by a mission statement, strategic objectives and a set of economic performance indicators. For the business enterprise, sustainable development means adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today while protecting, sustaining and enhancing the human and natural resources that will be needed in the future. Background the city of mississauga is preparing for a new era of economic growth and prosperity in a highly innovative, competitive and connected global economy. The hoffman report and this strategic plan were informed by input from various economic data sources, local business representative interviews, and discussions with various city advisory committees.
Global urban development has evolved the sustainable economic development strategic framework to provide a comprehensive methodology for assisting in the design and implementation of sustainable economic development strategies focused on four core objectives, which gud refers to as the four greens. The economic development strategy is a key mechanism for realising these outcomes. Economic development therefore covers almost all areas of economics, though with modifications to reflect the particular situations of developing countries. Hoffman associates economic development strategy report hoffman report developed for the city of pasadena. Economic development is a process of structural transformation with continuous technological innovation and industrial upgrading, which increase labor productivity, and accompanied improvements in infrastructure and institution, which reduce transaction costs. Pdf promoting strategy for economic, industrial and. Development strategy and economic reform article pdf available in the china journal 439 january 1998 with 20,764 reads how we measure reads. Rule of law is the basis for property rights and the adjudication of commerial claims, and thus is key to sustained economic development. The economic development toolkit manual hud exchange. In recent years, local governments in the united states have become increasingly active in economic development programsgovernmentrun or subsidized programs that provide assistance to individual businesses in order to increase local jobs, lower local unemployment, and. The town was awarded the economic developer achievement of the year award for this work, the highest. A study conducted under the auspices of the center for business research and development cbrd, faculty of business administration, national university of singapore, singapore.
A trainers manual is not intended to be prescriptive, but rather, aims to offer an example of how to facilitate strategic planning for local economic development as an integral part of municipal government. Economic development strategy draft mifflin county. Rule of law is also the basis for the protection of a private sphere and individual human rights. It was written collaboratively by the countys office of economic development, wadleydonovan growthtech, llc and garnet consulting services, inc. Cdbg economic development activities matrix cdbg economic development flow chart hud memo re. Development industry cluster strategies are an important component of a comprehensive economic development strategy. A focus of the comprehensive economic development strategy ceds was to address the jobstohousing imbalance in the county and to develop strategies to reverse the widening trend of slow job creation juxtaposed with rapid population growth. A framework addressing what sustainable economic development is, why it matters, and how it is similar to and different from traditional economic development a set of sustainable economic development initiatives and programs for citiesregions, with descriptions of each initiative and program, along with possible delivery partners.
Plan process to update the citys economic development strategy. The economic development strategy is a plan that consists of focused strategies and initiatives that prioritize citywide efforts in achieving saint pauls economic development goals in several areas such as business retention and expansion, business attraction, and downtown revitalization. Strategy of economic development in developing countries. An economic development strategy is a plan that sets priorities and directs the efforts of the municipality in order to help grow its local economy. The strategy of economic development article pdf available in regional studies 512. To create this strategy, ped analyzed trends impacting the regions economic growth as. Oakvilles existing tenyear economic development strategy was approved by council in 2009. Comprehensive economic development strategy ceds cape. A communitys economic development strategy is among the most important elements of the rrc program as it focuses squarely on retaining and attracting jobs and investmentthe primary goal of the rrc program. Make the distinction between growth and investment. The state has developed growth strategies around six industry clusters. Socialeconomic development strategy of georgia 5 conditions to people, orientation towards quality and accessible education, health care and basic social welfare systems are the tools for implementing those principles.
From a history of manufacturing products in our mountains that stand the test of time, to housing the most breweries per capita in the country and the largest climate workforce in the world, we are deliberate about supporting our five leading industry clusters of focus to encourage job. Womens economic empowerment strategy problems to be addressed 5 the limited traditional definition of work may make sense for industrialized nations, but not for the developing world, where a large share of productive economic activity work in the informal economyis the dominant form of nonagricultural employment. Community development can be viewed as selfhelp, approach to rural development. Nevertheless defining economic development is a necessary prerequisite to move discussion towards objective policy discussion and robust measurement. The material in this guide was prepared to assist communities develop or update a local economic development strategy. This booklet discusses the relevance of innovation for development and several of the challenges that result for developing and emerging economies. Economic development strategy asheville area chamber of. Advances in the theory and practice of smart specialization, 2017. Successful economic development includes strategies that influence place, people and industry. Economic development is the sustained increase in income of all members of society so as to be free from material want. The document includes a comprehensive summary of the regions economy, including identifying.
Making local economic development strategies a trainer s. The eds lays the foundation for sustained economic recovery and. Economic development requires improved competitiveness and employment creation across many sectors of the economy. Design as a strategy for a developing economy 5 design as a strategy for a developing economy the working paper presents the indian as well as international design scene. Specialist crops, nuts and fruit unlocking and enhancing productive land use including underutilised maori land will contribute to the government growth agenda target of doubling the value of agricultural exports by 2025. It is intended to serve as a dynamic and nonpartisan roadmap that can help foster collaboration among the private, public, education, and nonprofit sectors to achieve a diverse and sustainable economy. Counting jobs for economic development activities september 12, 1997 u. The main goal of economic development is improving the economic well being of a community through efforts that entail job creation, job retention, tax base enhancements and quality of life. A leading emerging market and destination of first choice for investors while retaining and expanding social equity and fair.
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