Document Type

Report

Publication Date

5-1993

Abstract

Local economic development can be described as the efforts of community leaders to stimulate business investment and employment to preserve or improve the quality of life in a community. Development objectives are often identified through a formal planning effort, structured public discussion, or other formal and informal processes. Objectives are the specific actions needed to meet broad community development goals. These economic development objectives selected by communities may include diversifying the area economy, increasing opportunities for employment, or expanding the local tax base.

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