| Principles in Economic Development
The fundamental purpose of economic
development policy should be to increase productivity in order
to bring economic benefits to an area. The principles listed below
serve as an organizing framework for thinking about the economic
development process. They fall within four general categories:
Goals: the underlying purpose of economic development
efforts.
Scope: the outlook guiding your work.
Organization: the
scale or structure of your work.
Process: the
management of program activities.
Each one links to an explanation of its relevance.
For a more comprehensive treatment of these principles
and the general subject of economic development, we refer you
to the following reports:
Emerging
Principles in State & Local Economic Development: A Benchmarking
Tool
Innovations
in Economic Development: The Evolving Direction of Economic Development
in the New Economy
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