Episode 3 gives an overview of the main local economic development functions, including: intelligence & strategy industries enterprise inward investment innovation labour markets education & skills poverty & inequalities place-based regeneration green economy institutions. In subsequent episodes, we go on to discuss and give introductory guidance for each of these functions.
Foundations – Episode 3: Introduction to local economic development functions
Key principles
There are two key principles that I employ in our approach to local economic development and the services and expertise I offer.
The first principle is that: Economic Development builds Prosperous Inclusive Communities that are Sustainable (EPICS).
The second princple is that: My mission is to help build great economic development organisations.
ABCD competency framework
Is your organisation A, B, C, or D at economic development – are you an Amateur, Beginner, Competent or Dynamic?
Throughout this podcast series we will illustrate what the concepts and tools mean in practice, and what kinds of behaviours and approaches are demonstrated by Dynamic, or great, economic development organisastions and teams.