This essay focuses on local economic development. costs are involved in making a decision to shut down? 250+

local economic development

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+

Student has agreed that all t.

Details;

• Firstly, Business Retention and Expansion – enhancing existing businesses
• Secondly, Business Expansion – attracting new business
• Further, Business Creation – encouraging the growth of new businesses
• Further, be keen
• Lastly, integrity
• lastly, be creative
• Finally, be straight
• Finally, be sure

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.

It is a process of deliberate

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

provide sufficient incomes

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.