nstp community building, development, organizing,education

• Economic Development


  Programs, policies or activities that seek to improve the economic well-being and quality of life for a community
• What "economic development" means depends on the community you live in. Each community has its own opportunities, challenges, and priorities
• Components of Economic Development

  • Physical Capital
  • Human Capital
  • Technology
• Physical Capital


  • Plant and equipment used by firms, as well as things like roads (also called infrastructure)
• Human Capital


  • Skills and knowledge that make workers productive
• Technology


  • New products and processes, as well as new ways of organizing work and innovative institutions
• Aspects of Economic Development

  • Job creation and economic growth
  • Education and skills development
  • Healthcare
  • Infrastructure development
  • Business development
• Job creation and economic growth

  Leads to increased incomes, tax revenue, and overall prosperity
• Education and skills development


  A well-educated workforce is essential for a modern economy
• Healthcare


  A healthy population is a more productive population
• Infrastructure development


  Includes transportation systems, communication networks, and energy supplies. Good infrastructure is essential for businesses to operate and for people to get to work and school
• Business development


  A thriving business community is essential for economic development. Governments and organizations may offer programs to support entrepreneurs and small businesses
• Economic Development Practitioner


  • Plans, designs, and delivers economic development strategies
  • Acts as an important connection between public and private sectors and the community
  • Takes part in economic development planning and sometimes leads or gives input into the policy-making process
  • Administers policy, programs, and projects
• Foundation for Successful Economic Development

  • Community Support
  • Partnerships
  • Preparedness
• Community Support


  Important for everything from project plans and budgets, to marketing and promotion
• Partnerships


  Strong partnerships are essential to the success of economic development activities. They help to leverage resources, build capacity and encourage collaboration
• Preparedness


  Start with an economic development plan and get feedback and approval. Once community support and partnerships are in place you are ready to get started