The 20172019 economic development strategy eds guides the city of san diego s economic development. This plan is intended to be a catalyst for state and local identify key areas of opportunity. This smart growth economic development tool is a stepbystep guide to building a placebased economic development strategy. Craighead county, arkansas economic development strategic plan. Strategic factors in economic development book, 1967 worldcat. Aaron backman presented 2014 retail trade analysis data compiled by ryan. National grid funds for strategic economic development projects must be matched on a 1. Transport policy and planning decisions can affect economic development in various ways. This strategic planning document is one of a series of locally based either city or county plans that is but one of eight overall deliverables by renew east arkansas. Strategic action plan anne arundel economic development. Hence, today a new economics of place is driving economic growth and development. Intellectual capital a strategic factor of socioeconomic.
Craighead county, arkansas economic development strategic. Economic development plan contains recommendations based on those analyses and can be used to guide land use planning and economic development decisions. Strategic visioning for community and economic development. Information barriers to innovationbased economic growth 46. Marketings evolution as an economic development strategy. Israels economic performance over the past decade has been impressive. In recent years, economic development in central africa has been improved due to increased investment in roads, railways and seaports. Critical success factors measures of the degree of success over the next 5 years. 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 building communities approach is much more objective and comprehensive than any other economic development strategic planning approach in america today, said cole. Especially in economic development, the public administrator can not only be characterized as a strategic investor in a portfolio of collaborations, but also is concerned with the return on investment agranoff 2005, 36 and 38.
The analysis and recommendations are the result of a n eightmonth process incorporating input and ideas. This transformational time is ideal to update the chester county economic development strategic plan. For each of the five factors described above, the groups were able to provide a list of indicators that measure progress. Detailed findings of the studies and analyses can be found in the relevant appendices listed to the left. Naastepad 2005 in their article titled strategic factors in economic development. The implications of this global power shift for economic development and. A strategic management model for economic development, technological and economic development of economy 143. Provide an assessment of north dakotas current economic landscape and target industries. Socialeconomic development strategy of georgia georgia 2020. Intellectual capital a strategic factor of socio economic development of regions. Town of auburn economic development strategic plan 3 as of august 2016, auburns unemployment rate was 3.
Factors affecting economic development economics help. Village of new albany economic development strategic plan. Strategic factors in economic development by nicholas kaldor. Existing economic clusters which the consulting team feels have strong potential for further development to generate more economic benefits and stability for maldives are as follows.
East asian industrialization 19502003 servaas storm faculty members in the department of economics, faculty tbm, delft university of technology, jaffalaan 5, 2628 bx delft, the netherlands. Tkcg is a site selection economic development provider with affiliates in kansas and texas. Oct 04, 2020 strategic factors in economic development by kaldor, nicholas, 1967, new york state school of industrial and labor relations, cornell university edition, in english. The marketing and development of these properties should be primarily handled through the capacity of deerfield township and the individual developerowners with support on an asneeded basis from the warren county office of economic development. Dcoa engaged tip strategies to assist in crafting an economic development strategic plan that will serve as the basis for a comprehensive approach to economic development for the dcoa and its community partners for the next five to 10 years. The main objectives of sadc are to promote sustainable and equitable economic growth and socio economic development that will ensure poverty. These were designed to assess franklin county, indiana, from a corporate site selectors perspective. This list of reasons to undertake economic development planning will help you gather important feedback from multiple perspectives and to begin generating support for a strategic planning process. A strategic management model for economic development. While the plan builds on the nations past and present economic development efforts, it also expands the scope of the nations activities. Evaluating transportation economic development impacts. In the south, led has been gradually emerging as a development strategy for similar. Lynch holds that even though different arguments arise in terms of the development of strategy, two approaches are predominant. Aug 27, 2020 the chamber and its leadership have a successful history of advocating for the development of community assets to enhance economic development.
This pdf is a selection from an outofprint volume from the national bureau. Town of auburn economic development strategic plan 1 i. Strategic ec on om ic pl an sustainable development. To prepare this analysis, tkcg has compiled information from its own databases. Tactical objectives are those that the economic development department edd can pursue through speci. Burnsville economic development and redevelopment strategic plan 2018. Key success factors can also relate to the availability of funding financing for businesses or membership dues for local development organizations, the expertise of local economic development staff, the attitude and capability of local government, the availability of quality infrastructure and land, and the location of communities. Economic development is the increase in the standard of living in a nations population with sustained growth from a simple, lowincome econom y to a modern, high. Indicative strategic development plan risdp, 20052015 anchored on the sadc vision, mission and the objectives of sadc as enshrined in the sadc treaty. Economic development refers to progress toward a communitys economic goals such as increased employment, income, productivity, property values, and tax revenues.
Development of human resources as strategic factors of the companies competitive advantage 61 prises need to be able to create new knowledge instead of relying on the existing. The mission of the chester county department of economic development cced is to create an. Framework for creating a smart growth economic development. Franklin county, indiana strategic economic development plan. Information systems division, national agricultural library. A roadmap to launch and grow your organization process as important as product perhaps more important aligns stakeholders around strategic priorities communicates your goals, strategies and programs engages, motivates, and retains external and internal audiences e. Introduction the town of auburn, massachusetts has completed a new economic development strategic plan, updating information, goals, objectives and strategy recommendations from the 2006 master plan. Economic development activities and programs should promote an equitable quality of life and place for all franklin county residents. No factor should be neglected or understated because each of them plays the distinctive roles determining the effectiveness of strategic management, the links between the factors and dependant variable are multicorrelated. Early, informal conversations about the communitys economic context are essential.
The chester county economic development strategy is built to capture and direct the transformational growth taking place. Stakeholder working groups develop strategies related to nine issue areas. American governments in the economic and social development of that region. Crossref reports the following articles citing this article. Environmental protection agency epa developed this tool with the assistance of ch2m hill and strategic economics as part of a smart growth implementation assistance project in kelso, washington. Economic development and cultural change volume 17.
Each goal is supported by work tasks and performance measures, which are listed on pages five through nineteen. Introduction to strategic factors in nineteenth century american. The root of strategic planning lays partly in economic theories especially those about the firms and human resource theories particularly those on motivation and leadership lynch, 2012. Pdf economic development todaro and smith askar adika. Factors affecting effectiveness of strategic management. Jan 01, 2015 in the wood processing industry in romania, knowledge based capital can make the difference between success and failure in a business. Investments in the port of rosedale, the grammy museum, downtown cleveland, delta state university are just a few examples of strategic assets in the county.
North dakota economic development strategic plan 1. Pdf strategic factors and firm performance in an emerging economy. The plan is structured around 12 initiatives, 6 target industries, and 3 performance measures. Economic diversification digital repository economic.
Aaron backman presented 2014 retail trade analysis data compiled by ryan pesch, university of minnesota extension educator. Strategic factors in economic development agris fao. Economic development activities and programs should align with and contribute toward the regions collective economic goals of increased private investment, job growth, and rising wages. A strategic economic development plan for the town of. Globalization is multidimensional, affecting all aspects of life economic, cultural, environmental, and social as well as relations between governments and nations on the five continents daouas, 2000. Click here to download the full report as a pdf file. Regular quarterly meetings of the economic development. To apply for the strategic economic development program please. The issue of strategic planning and public administration local economic development based on application of the concept point of growth considered in works john b. In the following section, tactical objectives will be outlined to address the mission, vision and strategic objectives.
Transport policy and planning decisions can affect economic development in various ways, including some that are indirect and longterm. Now is the time to be very strategic about envisioning and enacting the future of american communities. Economic development strategic plan fy2014 fy2018 3 strategy at a glance this strategic plan takes a three pronged approach to economic development. Chester county economic development has long been a leader of rural counties in south carolina. In 2010, an economic development steering committee and executive committee embarked on a ninemonth process to analyze the resources and position of the county and identify concrete, strategic ideas that would result in the ongoing sustainable economic development of garrett county, maryland. Pdf in this article the authors aim to justify the structure of the strategic management model for rational economic development by evaluating. One of the main factors behind economic growth during previous years was government investment, a significant part of which was directed towards infrastructure. The dynamics of development is increasingly complex and therefore knowledge quickly becomes obsolete and there is need for new and higher quality one. Strategic objectives the economic development department mission can be translated into three strategic objectives.
Economic development is the sustained increase in income of all members of society so as to be free from material want. Israeli political and business leaders deserve credit for their successes. 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. Appendices i economic and industry analysis iianalysis of demographic trends. Tourism fisheries agriculture the achievement of the strategic thrusts for these traditional sectors will provide more stability to the economy. The identification of knowledge capital will allow to fully utilize all the intellectual resources embedded in a. Strategic factors in economic development wiley online library. Strategic factors in economic development by kaldor, nicholas, 1967, new york state school of industrial and labor relations, cornell university edition, in english. The chester county economic development strategic plan aligns with the mission of the organization. The authors of 2 discuss circular economy as a sustainable. Development council iedc for the 2014 strategic planning board retreat with the aim of exploring the most prevalent issues that the economic development profession is facing today and contemplating how those themes impact the practice of economic development. The main factors affecting economic development include. Enabling factors and strategies for the transition toward a. The national agricultural library is one of four national libraries of the united states, with locations in beltsville, maryland and washington, d.
Factors influencing implementation of strategic plans. Auburn has a population of just over 16,000 and is located. Strategic plan economic development is most effective when approached with a clear vision, an eye for longterm stability and growth, and a strong plan of execution. Publication of a quarterly economic development newsletter to university community. This process resulted in the following strategic factors. The study recommended that the sample of research should be extended to ensure the.
Proactive and aggressive site development is the leading factor in chester countys industrial success. The three focus areas and associated goals are shown below. Strategic factors in economic development data provider. Marketings evolution as an economic development strategy diva. Economic development and key success factors building. Local economic development as an alternative approach to. Kandiyohi county city of willmar economic development. These indicators were later compiled by a process of eliminating similar ones and joining together similar ones. Aug 23, 2018 this strategic plan is a response to the challenges and opportunities facing the oneida nation. It houses one of the worlds largest and most accessible agricultural. The strategy for companies that are in operation to make t. Pdf a strategic management model for economic development.
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