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Economic Development Concepts and Strategies

Source: www.nemw.org
Topic: Economic Development

Sort Desciption: Why the Public Sector Plays a Role in Economic Development ... Preferred Approaches to Public-Sector Economic Development. The public sector should take the ...

Content Inside: Public-Sector Economic Development: Concepts and Approaches Matt Kane Northeast-Midwest Institute November 2004 Northeast-Midwest Institute The Center for Regional Policy The Northeast-Midwest Institute is a Washington-based private non-profit and non-partisan research organization dedicated to economic vitality environmental quality and regional equity for Northeast and Midwest states. Formed in the mid-1970s it fulfills its mission by conducting research and analysis developing and advancing innovative policy providing evaluation of key federal programs disseminating information and highlighting sound economic and environmental technologies and practices. The Institute is unique among policy centers because of its ties to Congress through the Northeast- Midwest Congressional and Senate Coalitions. Co-chaired by Senators Susan Collins (R-ME) and Jack Reed (D-RI) and Reps. Marty Meehan (D-MA) and Steven LaTourette (R-OH) the bipartisan coalitions advance federal policies that enhance the region's economy and environment. States served by the Institute and Coalitions are: Connecticut Delaware Illinois Indiana Iowa Maine Maryland Massachusetts Michigan Minnesota New Hampshire New Jersey New York Ohio Pennsylvania Rhode Island Vermont and Wisconsin. Executive Summary This executive summary presents highlights from the full report on public-sector economic development. The report offers a framework for local regional and state policymakers to use as they assess economic development prospects. Economic development increases a regional economys capacity to create wealth for local residents. Development depends upon the deployment of a regions building blocks labor financial capital facilities and equipment know-how land other physical resources and public and private infrastructure. Why the Public Sector Plays a Role in Economic Development Public-sector involvement in economic development while not always successful often stems from legitimate concerns ab ...

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