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City Management Economic Development

City Management Economic Development. Dr. Adnan Alshiha. Economic Development. A process of for a achieving economic change through the attraction , retention, and expansion of commerce and industry. A common assumption is that economic development occurs because local government incentives.

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City Management Economic Development

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  1. City ManagementEconomic Development Dr. Adnan Alshiha

  2. Economic Development • A process of for a achieving economic change through the attraction , retention, and expansion of commerce and industry. • A common assumption is that economic development occurs because local government incentives. • Some assume it is synonymous with urban revitalization financed by central government

  3. Economic development Changes the Community • It causes: • population change, • create employment opportunity , • effect the community socioeconomic makeup, • Determine the cost of goods and services

  4. Economic development Process • Economic development policy decision • Information and analysis • Resources • Implementation • evaluation

  5. Economic development policy decision Factors effecting ED program: • Values of the community • Availability of resource • Complexity of economic problem

  6. Economic developmentGoals • Overall goal: Improving the quality of life • Employment: More jobs or better jobs? • Income: which jobs raise per capita income? • Fiscal health: provide additional municipal revenue.

  7. Economic developmentStrategies • Constitute a second set of policy decision. • Ways of a achieving goals Major strategy: • Job creation, retention, or expansion • Export sector job • Capital – intensive or labor intensive industry • Government role in ED: community promotion, supply side, institutional factors

  8. Information and analysis • An analysis of industry performance and component s of change for targeted industries. (identify growing industries) • An assessment of community competitive advantages and disadvantages (opportunity). • An assessment of recent area business trend (production and employment).

  9. Economic development Resources • Development attitudes (the community vision) • Economic base (exporting sector) • Financial resources (government and private).

  10. Implementing Economic development • Organization structure: • Economic development coordinator • Economic development department • Economic development division • Economic development commission (independent from local government) • Economic development authority (down town authority)

  11. Evaluation and Economic development • Three measure of program performance: • Whether a program is accomplishing the goal for which it was designed. • Programs should be evaluated from cost / benefit perspective. • The secondary and unintended effect of ED program.

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