1. The Enduring Argument for Local Economic Development Planning
Local Economic Development Planning in the Face of Globalization
The Influence of Outsourcing and Insourcing
People and Places Left Out of the Evolving Economy
The Future of Local Economic Development Planning
2. The Influence of National and State Policies on Local Economic Development
Three Approaches to National Economic Policy
Welfare to Workfare Policy
National Policy Targeting Local Economic Development
Coordination of Local and National Development Efforts
State Economic Development Approaches
Challenges and Opportunities Inherent in Economic Development Policymaking
3. Concepts and Theory of Local Economic Development
Defining Local Economic Development
Theories of Growth and Development
Translating Theory Into Practice
Theories, Models, and Fads in Local Economic Development Planning
The Continued Evolution of Economic Development Theory Into Local Practice
4. The Local Economic Development Profession and Professionals
The Role of the Economic Development Practitioner
Economic Development Careers
5. The Local Economic Development Planning Process
Preliminary Tasks of Local Economic Development Planning
The Six Phases of Planning
Managing Planning Resources in the Community
Selecting a Local Economic Development Role
Typology of Planning Approaches
Features of Local Economic Development Planning
6. Introduction to Analytical Methods for Local Economic Development Planning
Information and Analytical Requirements for Local Economic Development Planning
Understanding an Economy’s Strengths and Weaknesses
Gathering Available Descriptive Data
Examining Analytical Techniques
Principles of Economic Projections
How Do Changes Multiply through the Economy?
Identifying Industrial Clusters: The Most Important Parts of the Local Economy
Putting It All Together: Creating a Local Economic Development Strategy
7. Local Economic Development Strategy
The Goals of Local Economic Development
Prerequisites for Successful Strategy Formulation
Selecting Strategic Options
Economic Development Plans within the Context of Comprehensive Plans
Common Traps in Strategy Formulation
Assembling the Elements of a Strategy
Plan Financing and Implementation
8. Locality Development
The Link Between Economic Development and Urban Design
Land Banking and Community Land Trusts
Physical Infrastructure Development on Industrial and Commercial Land
Business Improvement Districts
Regulatory Improvement Through Simplification
Housing and Neighborhood Improvement
9. Business Development
Creating a Good Business Climate
Entrepreneur Development and Economic Gardening
One-stop Business Assistance Centers
Start-up and Venture Financing Companies and Development Banks
Small Business Development Centers
Specialized Economic Development Tools
Incentivizing or Subsidizing Local Economic Development?
10. Human Resource Development
Realities of an Under-trained Workforce
Public Role in Workforce Development
Goals of Human Resource Programs
Matching Human Resource Programs and Economic Development Objectives
Education as the Foundation of Human Resource Development
Implementing a Human Resource Development Strategy
11. Community Economic Development
Community Development Corporations
Local Enterprise Agencies
Employee–worker Ownerships
LEED for Neighborhood Development
Workforce Housing Planning
Targeting and Marketing Neighborhood and Community Assets
12. Building the Implementation Plan
Public-private Partnerships
Assessing Project Viability
Detailed Feasibility Analysis
Monitoring and Evaluation
13. Institutional Approaches to Local Economic Development
Organizational Requirements for Local Development
Public-private Partnerships
The Economic Development Specialist
Institutional Approaches to Local Economic Development
A Typology of Development Organizations
14. Local Economic Development Planning’s Response to a Global Economy and Climate-Challenged Planet
Finding Solutions through Innovation and Technology
The Technology Development Process
Fostering the Advanced-technology Community
Advanced Manufacturing and Clean Technology
Resiliency in Local Economic Development
Local Economic Development Planning for Resiliency
Conclusion: The Future of Local Economic Development Planning
Four Strategies to Foster Structural Change in Local Economic Development Planning and Practice
Index
About the Authors
