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When most people think about economic development, the first thing that often comes to mind is, real estate, infrastructure and the recruitment of businesses. Although, these are indeed elements of economic development, there is more to economic development than only those types of actions. Economic Development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health. The scope of economic development includes the process and policies by which a nation or region improves the economic, political, and social well being of its people. Essentially, a nation's economic development is directly related to its human development, which includes, among other things, health, education, culture and job creation.

The Institute for Applied Economics at LAEDC performs objective research for a wide range of clients, detailing economic impact of development, business operations, and regulation, as well as providing intelligence about specific industry clusters, labor force, and workforce development issues.  The Institute's reports provide decision makers with critical information from which to make informed decisions.  In addition to providing on-demand research per client requirements, the Institute also provides foundational research to ensure LAEDC's combined programs for economic development are on target, ranging from our collaboration with workforce investment boards to major initiatives such as the L.A. County Strategic Plan for Economic Development.

The U.S. Economic Development Administration's investment policy is designed to establish a foundation for sustainable job growth and the building of durable regional economies throughout the United States. This foundation builds upon two key economic drivers - innovation and regional collaboration. Innovation is key to global competitiveness, new and better jobs, a resilient economy, and the attainment of national economic goals. Regional collaboration is essential for economic recovery because regions are the centers of competition in the new global economy and those that work together to leverage resources and use their strengths to overcome weaknesses will fare better than those that do not. EDA encourages its partners around the country to develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic conditions.

As economic development practitioners for the past 15 years, we have watched incentives become more important to the day-to-day work of economic developers. This is true for communities small and large, rural and urban, with large economic development staffs and with volunteer leadership. We have developed Smart Incentives because we believe that it is vital for economic development groups to have access to high-quality business intelligence, data and analytical tools in order to make the best decisions for their community.

Welcome to the EDA Know Your Region project. Funded by the U.S. Economic Development Administration (EDA), this research project explores regional and local approaches to economic innovation and competitiveness across the United States. The resources developed as part of the overall project curriculum, as well as the Know Your Region online clearinghouse, are intended to help local officials, economic development practitioners, community leaders and citizens assess local and regional assets, needs and visions in a global context, leading to long-term regional prosperity and sustainability.

Economic Gardening embraces strategies to grow existing second-stage businesses. It is an innovative entrepreneur-centered economic growth strategy that offers balance to the traditional economic practice of business recruitment, often referred to as "economic hunting."

This Website contains information on the NRCS uses of the IMPLAN data and model for regional economic, program and project analysis. IMPLAN is a PC based regional economic analysis system. Unlike other economic analysis products, IMPLAN constructs a complete set of regional social accounts. The 'Region' can be any combination of US Counties. For more information see NRCS IMPLAN Basics. For additional materials, see www.implan.com. Please contact David Buland for assistance.

The Lloyd & Delphine Martin Prosperity Institute is the world's leading think-tank on the role of sub-national factors - location, place and city-regions - in global economic prosperity.We take an integrated view of prosperity, looking beyond economic measures to include the importance of quality of place and the development of people's creative potential. The Institute conducts relevant research to shape debate about economic prosperity and to inform private, public and civic decision-making at the highest levels. Headquartered at the MaRS Centre in downtown Toronto, we are affiliated with the Rotman School of Management at the University of Toronto. We also serve as a special resource to the province of Ontario and the greater Toronto region.

ABOUT THE CALIFORNIA STEWARDSHIP NETWORK In 2008, the Morgan Family Foundation launched the California Stewardship Network as a civic venture, investing $ 1.5 million over 2 years in matching grants to 10 economic regions that agreed to focus on breakthroughs led by stewardship teams composed of business, community and government civic entrepreneurs. While each regional team has developed its own stewardship strategy, all share a common approach. Typically, these strategies are: (1) Data-driven, (2) Based on economic regions and industry clusters, (3) Successful in sustaining the engagement of business, (4) Effective at integrating economic, social, and environmental considerations, and (5) Innovative in their approach to public-private partnerships in implementation. The teams represent the diversity of California ranging from San Diego and Los Angeles in the South to Sacramento Valley, the Fresno Region and the Central Coast to the Sierra Region, Sonoma and Butte Counties and the Redwood Coast near the Oregon Border. These regional groups meet on regular basis and exchange best practices.

Economic historians long reckoned that enclosure, though unjust and brutal, spurred progress and laid the groundwork for industrialisation. Large tracts could be farmed more productively, freeing labourers to work in urban factories while also providing food to support them. "The break-up of the peasantry was the price England paid…to feed her growing population," wrote Peter Mathias, an economic historian, in 1983. The Industrial Revolution seemed to bury the concept of the commons for good.

Development in the 21st century demands access to information. At a time of tight budgets, libraries offer a more efficient, smarter way of doing development. Most countries around the world, regardless of their size or level of development have public libraries. Beyond Access is starting a movement to make them all hubs for economic and social change. We believe that libraries power development.

"In a new report, I reinforce what the goal of economic development should be, as summarized by decades of academic literature: to put a region on a path to higher growth by improving the productivity of firms and people in ways that leads to better incomes and living standards for all."

The Small Towns, Big Ideas project began in mid-2006, when the UNC School of Government partnered with the North Carolina Rural Economic Development Center to identify and document fifty small towns that were implementing successful or innovative approaches to community economic development.

Mainstream economics has demonstrated blind spots that have impaired its effectiveness and credibility-and failed society at large Founded in the wake of the financial crisis in 2009, the Institute for New Economic Thinking (INET) is a nonpartisan, nonprofit organization devoted to developing and sharing the ideas that can repair our broken economy and create a more equal, prosperous, and just society.

Asset Based Community Development (ABCD) is an approach to sustainable community-driven development. Beyond the mobilisation of a particular community, it is concerned with how to link micro-assets to the macro-environment. Asset Based Community Development's premise is that communities can drive the development process themselves by identifying and mobilizing existing, but often unrecognised assets. Thereby responding to challenges and creating local social improvement and economic development. This page will describe ABCD through five key aspects.

Mayor Buckhorn is moving decisively with an economic development strategy that recognizes that its future as a vibrant, livable and sustainable community depends upon connecting its People, redefining its Places, and igniting Progress. Over the next months, AECOM and Parsons Brinckerhoff, planning and transportation experts, respectively, will work with the city and our community stakeholders and opinion leaders to develop a shared vision and give city leaders an implementable plan of action. This master plan, when complete, will form a living "workbook" of initiatives in core areas of land planning, transit, zoning, and economic development and financing strategies.

Californians know that the time to fix our state's economy is now. People from every region are standing up and demanding change. We must create real and intelligent remedies that will attract capital, generate jobs and encourage sustainable communities all over California.

The Institute for New Economic Thinking was created to broaden and accelerate the development of new economic thinking that can lead to solutions for the great challenges of the 21st century.

The Purdue Center for Regional Development will foster Indiana becoming the nation's leader in supporting creative, regional approaches to development, that build on three core values: a voluntary approach; the power of data, analysis, ideas and information; and the importance of dialogue, social capital development, and collaborative partnerships.

The Democracy Collaborative was established in 2000 to advance a new understanding of democracy for the 21st century and to promote new strategies and innovations in community development that enhance democratic life. Our goal is to change the prevailing paradigm of community economic development-and of the economy as a whole-in the United States toward a new emphasis and system based on: Broadening ownership and stewardship over capital Democracy at the workplace Stabilizing community and emphasizing locality Equitable and inclusive growth Environmental, social, and institutional sustainability The Collaborative is a national leader in the field of community development through our Community Wealth Building Initiative. The Initiative sustains a wide range of projects involving research, training, policy development, and community-focused work designed to promote an asset-based paradigm and increase support for the field across-the-board.