This essay focuses on local economic development. costs are involved in making a decision to shut down? 250+
Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down? 250+
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From a public perspective, local economic development involves the allocation of limited resources – land, labor, capitol and entrepreneurship in a way that has a positive effect on the level of business activity, employment, income distribution patterns, and fiscal solvency.
intervention in the normal economic growth by making it easier or more attractive. Today, communities in California are giving attention to what they can do to promote fiscal stability and greater economic development.
Economic development is a concerted effort on the part of the responsible governing. This body in a city or county to influence the direction of private sector investment. This is toward opportunities that can lead to sustained economic growth. Sustained economic growth can
for the local labor force. This is profitable business opportunities for employers and tax revenues. This is for maintaining an infrastructure to support this continued growth. There is no alternative to private sector investment as the engine for economic growth, but there are many initiatives that you can support to encourage investments where the community feels they are need the most.