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Municipal Entrepreneurship

Municipal Entrepreneurship. Municipalities Newfoundland and Labrador November 16, 2007. Economic/Business Development. Private Sector Preferred What if “no private sector” Risk too high Not available Cost of capital Role for “community”?. Municipal Advantage.

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Municipal Entrepreneurship

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  1. Municipal Entrepreneurship Municipalities Newfoundland and Labrador November 16, 2007

  2. Economic/Business Development • Private Sector Preferred • What if “no private sector” • Risk too high • Not available • Cost of capital • Role for “community”?

  3. Municipal Advantage • Structure in place (legal, physical) • Resources available • Staff • Financial • “in-kind” • Credibility, relationships • Approach: Council or Corporation

  4. Community Enterprise • Also called “social economy”, “not-for-profit” • Must be “economically feasible”, “financially viable”, “sustainable in long term” • Assessment no different than private sector • Technical/market/management/financial • Competitive impact/economic benefits • Commitment

  5. ACOA Tools • Programs • Business Development Program • No interest repayable contributions • Innovative Communities Fund • Non-repayable contributions • Consultant Advisory Services

  6. Q U E S T I O N S ?

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