Entrepreneurship and Local Economic Development delves into the current thinking on local entrepreneurship development programs and evaluates ways in which practitioners can implement successful entrepreneurship practices. Examining the role and potential for entrepreneurship programs in local economic development strategies, contributors to this edited collection have many years of experience working with entrerpreneurship initiatives in state and local governments. Focused on theory and case study, Entrepreneurship and Local Economic Development examines conceptual issues involved in creating entrepreneurship programs as well as practical examples of programs organized by state, regional, and local agencies.
The role of economic development in communities is multi-faceted, having an array of antecedents, impacts, and implications. This volume explores the relationships between economic development and community development, focusing on the aspects that impact communities such as social capital, participation, and business development. It discusses the need for aligning the goals of community betterment more closely with economic improvement and finding ways to enhance leadership and other resources. Including both current contributions and "classics," the evolution of the relationship between’ and roles of, the two kinds of development is explored. The articles in the volume present several theoretical perspectives of development. Most common among them are sustainable economic development and social capital theories. Utilizing these theories and data from various sources, the authors are able to suggest specific development strategies for improving community economic and quality of life outcomes. The volume offers an exploration of directions for future research, including the need for more theoretical and empirical work on the role of amenity development on rural community economic and quality-of- life outcomes. Practitioners of community and economic development, along with researchers and students will find this volume useful and relevant for both theory and application. This book is a compilation of articles published in the Journal of the Community Development Society.
While entrepreneurship is widely cited as playing a key role in economic development, job creation, and advances in well-being in capitalist nations, there has been an overwhelming focus on the firm, firm founders, and founders’ strategies and decision-making processes. Only more recently, the important link between communities and entrepreneurs has emerged as a new frontier in entrepreneurship research. This book brings the emerging nexus between community and entrepreneur to light by exploring the mutual impact that communities and entrepreneurs have on one another. It focuses on how entrepreneurship development can push beyond the traditional emphasis on economic growth: from enriching the local lifestyle to building self-sufficiency; from attracting new markets to rediscovering traditional work; from the highest tech enterprises to the most ancient crafts and trades. The authors cover a wide variety of topics including rural community entrepreneurship development and culture, innovation and regional development, community-based enterprise learning, and urban revitalization strategies. This book was originally published as a special issue of the journal Community Development.
Growing local economies, empowering communities, revitalizing downtowns, developing entrepreneurship, building leadership, and enhancing nonprofits — you can achieve all these benefits and more with a comprehensive and strategic revitalization plan. Chronicling the struggle of local revitalization as organizers move from trial and error to effective revitalization strategies, Promoting Sustainable Local and Community Economic Development documents the current transformation in community revitalization from market-based incentives to mixed strategies of public sector learning, partnerships, and community capacity. Knowledge about the field and what works is growing, but not always publicized and readily accessible. This reference surveys the breadth of innovative place and people development practices, presenting lessons and examples at a general and textured level, putting information about innovative ways to change, influence, and improve the economic development process within easy reach. Roland Anglin brings his unique vantage point to the topic; his experience as a practitioner and applied academic allowed him to see how community economic development practices grow over time in size, scale, and impact. He highlights the difference between what is now termed community economic development (CED) and traditional local economic development practice, specifically the priority placed on community involvement in economic development partnerships between the private sector and government. The book includes case studies that demonstrate what has and has not worked in revitalization efforts, as well as how active public and private sector partnerships have been the most effective in revitalization efforts. A Resource Guide is included at the end of the book for readers who may want a more expansive understanding of community economic development.
Entrepreneurial Communities and Ecosystems: Case Study Insights aims to provide applied examples that embody the theories, principles, and processes that contribute to empowering everyday entrepreneurial communities and ecosystems. Relying on a diversity of narratives from a wide range of entrepreneurial communities, entrepreneurial ecosystems, and organizations, this book presents a collection of case studies that take the reader inside the minds of leaders who are working to empower entrepreneurs and build entrepreneurial ecosystems and entrepreneurial communities—sometimes from scratch. The book features research and stories from entrepreneurs, development agencies, entrepreneurial support and assistance organizations (i.e. feeders and supports), governments, and involved citizens and local leaders in their quest to make their communities more entrepreneuring. The book presents an analytic frame through which the case studies are cross-analyzed, providing "meta-guidelines" for pursuing a broad range of strategies for supporting local and regional entrepreneurial action. This research volume is equally useful as an undergraduate or graduate text on the sociology of entrepreneurs and entrepreneurship as it is a field guide for ecosystem builders, policy makers, nonprofits, and entrepreneurship and social researchers worldwide.
Entrepreneurial Communities and Ecosystems: Theories in Culture, Empowerment, and Leadership examines the deep sociocultural dynamics supporting effective and emergent entrepreneurial ecosystems and communities for a new generation of ecosystem builders and researchers. The book provides current theories and discussion with relevant examples regarding culture, empowerment, and leadership in entrepreneurship to build more entrepreneurial communities anywhere, beginning with any set of local advantages. It clarifies the role of community in building an entrepreneurial ecosystem, and expands the theory on how entrepreneurial communities and ecosystems differ, and how they relate. The book also illuminates the often avoided discussion about power, with special attention to diversity with examples of Black, women, and LGBTQA+ entrepreneurship; provides a deep dive into the range of formal and informal education framed as entreprenology; ties the importance of entrepreneurship and entrepreneuring to resources available at the community, state, and national levels; and introduces a new concept — omnipreneurship — which puts the skills of entrepreneurship in the service of global benefit and everyday action. This research volume will be equally useful as an undergraduate or graduate text on the sociology of entrepreneurs and entrepreneurship as it is a field guide for ecosystem builders, policy makers, nonprofits, and entrepreneurship and social researchers worldwide.
Indigenous Australians play an important role in the development of regional economies. Compared to the non-Indigenous population, Indigenous peoples are more likely to be located in predominantly rural regions. However, significant gaps in socio-economic outcomes with non-Indigenous Australians remain and these gaps are larger in rural regions. The report provides three key recommendations to improve economic outcomes for Indigenous Australians.
How do we create employment, grow businesses, and build greater economic resilience in our low-income communities? How do we create economic development for everyone, everywhere – including rural towns, inner-city neighborhoods, aging suburbs, and regions such as Appalachia, American Indian reservations, the Mexican border, and the Mississippi Delta – and not just in elite communities? Economic Development for Everyone collects, organizes, and reviews much of the current research available on creating economic development in low-income communities. Part I offers an overview of the harsh realities facing low-income communities in the US today; their many economic and social challenges; debates on whether to try reviving local economies vs. relocating residents; and current trends in economic development that emphasize high-tech industry and high levels of human capital. Part II organizes the sprawling literature of applied economic development research into a practical framework of five dynamic dimensions: empower your residents: begin with basic education; enhance your community: build on existing assets; encourage your entrepreneurs; diversify your economy; and sustain your development. This book, assembled and presented in a unified framework, will be invaluable for students and new researchers of economic development in low-income communities, and will offer new perspectives for established researchers, professional economic developers and planners, and public officials. Development practitioners and community leaders will also find new ideas and opportunities, along with a broad view on how the many complex parts of economic development interconnect.
Many rural areas in the United States find themselves struggling to build local assets and create wealth, and, when this wealth is created, they often struggle to hold on it. Previous approaches to community and economic development have been inadequate in attempting to reverse these trends. Shifting to a new way of enabling economic development requires supporting innovative community leaders as they explore new ways of approaching the task at hand. It also requires thinking anew about the role of rural areas, based on valuing multiple forms of wealth – natural, social, and human. There is a real need for an approach that can help stem the potential loss of existing wealth, and attract new investment that will allow rural areas to become valued partners in regional economies. This book provides an important insight into rural wealth creation as a sustainable economic development strategy. At the same time, a number of compelling issues are raised that merit future research effort and discussion. This book was originally published as a special issue of Community Development.
