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Local economic development (LED) is an approach to economic development, of note in the developing world that, as its name implies, places importance on activities in and by cities, districts and regions. Local economic development combines economic development activities, urban planning, infrastructure development and social development ...
Integrally linked to these purposes are strategies to increase access to capital, stimulate asset building, improve the general business climate, and link citywide economic development efforts to specific community development efforts. [7] Increasing access to capital is an extremely important strategy for community economic development.
NEEDS is a nationally coordinated framework of action in close collaboration with the State and Local governments (with their State Economic Empowerment and Development Strategy, SEEDS) and other stakeholders to consolidate on the achievements of the last four years (1999–2003) and build a solid foundation for the attainment of Nigeria's long ...
Local development is a relatively young theory in social sciences based on the identification and use of the resources and endogenous potentialities of a community, neighbourhood, city, municipality or equivalent. [1] [2] The local development approach considers the endogenous potentialities of territories.
The local development documents taken as a whole must set out the authority's policies relating to the development and use of land in their area. In the case of LDDs included in a minerals and waste development scheme, the LDDs together must also set out the authority's policies relating to minerals and waste development.
Creation of a data tool that incorporates economic, research and development, investment and real-time job information to provide a current and accurate picture of the regional economy and its assets. Development of a nationwide network of foundations interested in investing in regional economic and talent development.
In the United Kingdom, a core strategy document is the key compulsory local development document specified in planning law. Every other local development document is built on the principles it sets out, regarding the development and use of land in a local planning authority 's area.
The objectives of the RDAs were set out in the Regional Economic Strategy (RES) of each region. The RES was a document created and maintained by the RDA for the whole region, i.e. it was not simply a document to guide the RDA, it was intended to guide the work of other organisations also.