Using industry clustering for business retention and expansion

Article Abstract:

The Capital Region Economic Development Corp (CREDC) of South Central Pennsylvania used an industry clustering technique to promote economic development in the region. Clustering enabled CREDC a way of ascertaining its resources and objectives which can become useful incentives for industrial relocation marketing. Each industry cluster is given the appropriate incentives, which the local government guarantees in the form of training, research and development support facilities and financial incentives.

Area & Regional Development, Management, Marketing, Industrial locations, Industrial location

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A simplified, globally competitive economic development policy framework

Article Abstract:

A regional economic policy-making framework is developed based on the two factors that affect business, namely, product cycle and firm size. The product cycle theory states that the industrial location is determined by product inputs and competition conditions, while the firm size seems to affect business performance. Proper understanding of factors affecting businesses enables economic development policymakers to develop policies that will benefit their area's economy.

Area & Regional Develop-State, Regional economics, Regional development

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The entrepreneurial community approach to community economic development

Article Abstract:

The entrepreneurial community (EC) model of economic development is a combination of various development strategies. The uniqueness of the model lies in its focus on specific projects aimed at developing and supporting new and existing businesses rather than specific economic sectors. The EC model also focuses on participatory private-public partnerships and results-based accountability.

Administration of Economic Programs, Economic Programs-Local, Economic policy

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