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Economic development programs can invigorate and sustain local economies. As a state or local government official, you are faced with numerous policy options—and the economic development strategies that you choose to pursue will have profound implications on the future of your community. You must make strategic choices after you’ve realistically assessed the strengths and limitations of your jurisdiction. The tools available to you are diverse, and the tradeoffs significant.
Get the knowledge and guidance you need to ensure you are making the best decisions for your community, in the new edition of Economic Development: Strategies for State and Local Practice.
Rather than attempting to present a one-size-fits-all solution or approach that will work for every community, this book analyzes a variety of development techniques and demonstrates the consequences of various development strategies through real-world case studies—so that you are better equipped to assess the environment and make good choices.
Revised and updated to reflect the enormous changes currently taking place in the local economy and the challenges facing economic development managers, the authors have added a comprehensive chapter on the planning process, providing sample plans and strategies for ensuring maximum citizen involvement and buy-in.
The impacts on local governments of globalization, collaboration, and the changing pace of technology are not fully realized yet, but strategic economic developers can take proactive steps in their communities to ensure a successful, livable, and vibrant future. Economic Development: Strategies for State and Local Practice
will help you discover:
- How the local environment influences choice of economic development strategy
- How and why local leaders can identify the strengths and limitations of their jurisdictions and tailor their development approaches appropriately
- Different theories of economic development, including diverse views of the role of government
- Alternative perspectives (supply-side versus demand-side) within the context of the debate on the role of government
- Techniques and tools that can be applied to foster economic development, including financial incentives, tax incentives, and nonfinancial assistance -- and the risks and opportunities inherent in each
- The growth of “economic gardening” to encourage and support local business from the ground up
- Strategies for attracting and retaining the right kind of growth for your community
- Potential social implications of gambling as an economic development bet
- How states are experimenting with new types of public-private partnerships for improving infrastructure
- How political attitudes of a locality can facilitate growth in new high-tech industries
- Suggestions on how to maximize local educational resources to promote workforce training and development
- How cities can improve land values in their jurisdictions And much more!
This book is highly recommended as a resource for all individuals involved in economic growth and development at the state and local level, as well as a comprehensive foundation in techniques and theory for students of development.
No other textbook written for state and local leaders has the comprehensive approach taken by Economic Development: Strategies for State and Local Practice.
Highly recommended for courses in Economic Development, Nonprofit Management, Public Policy and Administration, Public Finance, and Urban Studies, this book provides a comprehensive foundation in techniques and theory of development. The case studies make this book an effective learning tool for students, as they demonstrate how policies have been applied in different settings in the real world. Learning objectives, study questions, and additional resources for each chapter guide students and provide suggestions for further thought and research.
About the AuthorsSteven G. Koven
is professor of urban and public affairs and director of the masters program in public administration at the University of Louisville. He has written extensively in the areas of economic development, ethics, and immigration policy. He is the author or coauthor of five books and more than forty articles and book chapters. Dr. Koven teaches courses in public sector budgeting and ethics.
Thomas S. Lyons is the Lawrence N. Field Family Chair in Entrepreneurship and professor of management in the Zicklin School of Business of Baruch College, City University of New York. He is the author of eight books and numerous scholarly and professional articles on economic development. He teaches courses in social entrepreneurship and entrepreneurship and community development. Dr. Lyons’s research focus is on the relationship between entrepreneurship and economic development.
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