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the about-this-page button for a directory. Scroll down for an economic development
glossary.
.network glossary terms that begin with the
word ...
economic
... that which pertains to all interacting functions
of the management and production of material wealth; everything
pertaining to a local
economy that produces, develops, and manages material wealth
and making community vitality possible. There are other
meanings of economic but here the focus is on the
one that fits within the context of the development process
that must continuously take place in a location
in order to have a sustainable community.
economic developer:
... a person engaged in the
practice of economic development; a local
development representative who makes arrangements
for an economic
development opportunity to be accommodated;
a change
agent who works on behalf of a location. Area
developers, industrial
developers and economic
developers representing places
of interest to enterprise
developers and site
selectors are generally worthwhile contacts
because they can assist by putting deals
on the
table
for consideration, arranging for incentives, addressing
problems, and cutting red
tape, all in addition to being location
data suppliers.
economic development:
... the process of economic
growth within a location; activities
as they are planned and monitored or controlled in order
to brings about change and growth at the local
level or
expansive area; the
result of the successful efforts of a practitioner and
a team of allies (ally
network); the growth experience within a development
economy brought about by the startup, expansion or productivity improvement
of an enterprise thus
making the
term enterprise
and economic development applicable to the .network mission.
economic development agency:
... an enterprise organized
to represent a location or
an area;
an economic
development organization
operated by a government; an EDA, for example Economic
Development Administration, operated by government;
an economic development
marketing organization.
economic development basics:
... the essential things that an economic
developer needs to know in order to get his or
her job done as a practitioner. For
example, an economic developer needs to know what definition(s)
of the practice frames his or her job description. Also, a
practitioner needs to have marketing skills
and understand that networking with
allies, prospects and others in control of economic development
opportunities is crucial. Political
involvement is basic to working at economic development;
therefore, savvy practitioners learn what latitude they have
to get their jobs done properly. Economic development basics
are discernable through access to the body
of knowledge about the subject coupled with
a perception of what is applicable moving forward with
specific opportunities to make something happen in a location.
economic development contacts:
... as area
and local development representatives they
are practitioners working
where
the rubber meets the road; resource
suppliers within the ranks of those who participate in
the mission of The Network or one that is similar; service
providers to prospects who
act on behalf of places seeking economic
development in position as
a location
data suppliers and also able to assist with
enterprise
development and site
selection projects; those who may be looked
to for clarification or information regarding the various
definitions of economic development published in
Economic Development.net / About Economic Development.
economic development data
... information about places
seeking economic development; therefore, location
data. The Network offers a collection
of the various elements of economic development data
that are found, for example, at the websites of
location
data suppliers. To view the collection, go
to page
2 of About Site Selection. A
development
alliance which included The International Economic
Development Council set forth
25 spreadsheets
with 1,200
plus informational
elements as data standards. IEDC refers to them as site
selection standards, making them available
for free download as Site
Selection Data Standards. The collection
of economic development data elements The
Network has could
easily be referred to as site selection informational
elements
but
all items don't necessarily match with IEDC spreadsheets.
That's because the comprehensive collection available
in Site
Location Assistance.com is
a list of items gleaned from location
packages and community
profiles as well
as websites.
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economic development data supplier:
... a person or organization in position
to provide economic development data (see the definition
above). A location
data supplier is an economic development
data supplier.
economic development directory:
... a published list of members of
an economic
development network or association that either shows or links
to contact
data; an economic
development contacts directory, for example, the Global
Registry of Contacts. See the answer to the following question that is
sometimes asked: Does The Network publish an economic development directory?
economic development essentials ... see
a
list of 10 elements of economic development.
economic development marketing:
... planning and executing
the conception, promotion, and distribution
of information about the
process in order to create
and maintain awareness of economic development as
a practice as well as to draw the attention
of enterprise
developers,
site
selectors and others in position to bring opportunities
to locations, thus satisfying community growth
and vitality objectives. Two .network resources may be
worth reviewing to gain more understanding of this definition:
(1) Economic
Development Marketing; (2) Best
Practices.
economic development network ... appendix
b has the definition with comments.
economic development organization:
... EDO;
an enterprise or agency dedicated
to economic
development; an area or local development organization see definition of area
and local development representatives.
economic development practitioner ... see
the definition of economic developer.
economic development profile:
... a format for presenting facts about
a location so
as to attract the attention of economic
development prospects. See the definitions of country
profile and community
profile.
economic development project:
... any planned undertaking that offers
the possibility of bringing about economic
development. Experienced area
developers and
local
development representatives know to ask for project
profiles and specifications before
beginning to work with enterprise
developers and site
selectors. They want to know what the potential accrued
economic benefits for the locations they represent will be before
committing resources and services. Generally the first indication
of an economic development project comes with a request for
information. See the definition of economic development data.
economic development prospect:
... a person or enterprise identified
as having an influence on the occurrence of economic
development and thus sought after by a resource
or service provider engaged in the mission of The
Network, or
one that is similar, a site
selection or enterprise
development prospect for a place seeking economic
development. a potential
prospect requesting a location
package from an area
or local development representative without
asking for assistance at the time may be referred to as
a suspect.
economic development region:
... a defined geographic area having
one or more organizations or agencies and allies working
together for the common good which is generally seen in
a unified economic development marketing
front; a location, as defined as defined in this glossarylocation
(1), having a group that seeks to
attract prospects and
identify opportunities that would bring about economic
development which shared and is beneficial within
the overall community.
See the definitions of region and city-region.
Also, for your information, regions within countries throughout
the world that seek economic development and
have location
data suppliers in place are provided the
opportunity to list in Site Location
Assistance.com for free. Countries have the
opportunity to list contacts in position to supply
economic development data in
Economic Development.net for
free. Resource suppliers and service providers who
see themselves as members of
the .network target
audience, are provided records in
the Global
Registry of Contacts for free. You
can anonymously
request the listing of an economic development
region or other place
of interest for free.
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economic development representative ... see the definition
of economic developer.
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what is an economic development
representative / economic development rep defined
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economic development resource:
... something wanted a member of
the .network target
audience that is useful when placed in position or drawn
upon to provide assistance, service or support in moving
forward with specific plans, projects, or opportunities
for economic
development. You are using an
economic development resource. The website in
which this glossary page
is published is an economic development resource. The
Network is an economic development resource.
economic development service:
... assistance or help provided as a
resource for moving forward with specific
plans, projects, or opportunities for economic
development. The enterprise that owns and operates
The Network is named Economic
Development Services. The
Network is an online
information service; i.e., it is an
online economic development information service.
Economic Development Services:
... Economic Development Services, Inc.
See the about us link at the bottom of this
page.
economic development technology:
... defined in the .network library under a general explanation of technology along with its
specific application to
the enterprise
and economic development process.
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definition of economic development
technology
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economic development terms and expressions:
... jargon used with a body
of knowledge for working with or operating
as a practitioner.
economic enterprise:
... an enterprise that
contributes to the vitality of a community ... that is
a contributor to the economic well
being of the place(s) in
which it operates; a business
enterprise.
economic profit ... an expression used in The
Strategic Alignment Handbook, a publication of the IDRC
Foundationsee
the .network glossary definition of profit and
the definition of economic above. For
your information IDRC stands for International Development Research Council,
at one time an association of corporate
real estate executives, enterprise
developers, site
selectors and their resource
suppliers and service
providers.
economic value added:
... EVA;
that which is of monetary
value and accounted for at
the end of an time period minus that
which existed at its beginning, for
example a measure of how much more
valuable an economic
enterprise became during a
given time period.
economic vitality ... see Area
and Local Economic Development
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what is economic vitality / definition
of economic development vitality
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