Economic gardening is an entrepreneurial approach to economic development that seeks to grow the local economy from within. Its premise is that local entrepreneurs create the companies that bring new wealth and economic growth to a region in the form of jobs, increased revenues, and a vibrant local business sector. Economic gardening seeks to focus on growing and nurturing local businesses rather than hunting for “big game” outside the area.
By attracting new business and industry, helping existing businesses to survive and grow, and pursuing improvements to public and private infrastructure, economic development promotes a healthy economy and quality standard of living.Â Typical economic development objectives focus on creating conditions that lead to stable employment, sustainable wages, and tax revenues to pay for public services and facilities.Â As economic development efforts are highly tailored to individual communities’ assets and needs, there is no cookie-cutter recipe in terms of successful strategies, policies, or programs. Broadly, economic development encompasses three major areas:
SOCIAL CONNECTIVENESS THEORY OFFERS NEW …
The FCADC is charged with formulating, implementing, and promoting a comprehensive countywide economic development strategy. The Corporation strives to create an atmosphere that nourishes planned growth and family sustainable employment opportunities.
Economic Growth - United Nations Sustainable Development
The EDA plays a critical role in fostering regional economic development efforts through strategic local investments that promote job creation and attract private investments. The EDA's grant programs in planning, technical assistance, and infrastructure construction are designed to leverage existing regional assets with federal funds to support the implementation of local economic development strategies making it easier to identify new business opportunities and grow the economic base ultimately bringing growth and prosperity to the local communities.
Mid–Columbia Economic Development District – …
Frisco, Texas is centrally located in the United States. Just 25 miles northeast of the Dallas-Fort Worth International Airport, planners, economists and site selectors have identified Frisco as one of the nation’s brightest spots for development.
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The CWCOG, in collaboration with area partners and stakeholders, is working towards the establishment of an Economic Developent District to serve the Cowlitz and Wahkiakum Counties. To establish such a district, the CWCOG must apply or designation through the Department of Commerce/Economic Development Administration (EDA).
City of Birmingham, Alabama - Office of Economic Development
Preparing a strategy for an economic gardening program can be complicated—there are many elements that must be developed first, taking into consideration unique community needs and available resources. Here are the seven steps to developing an implementation strategy for your economic gardening program to succeed.