This updated edition reflects the enormous changes currently taking place in the local economy and the challenges facing economic development managers. It analyzes a variety of development techniques and demonstrates the consequences of various development strategies through real-world case studies, better equipping you to assess the environment and make good choices.Included is a totally new comprehensive chapter on the planning process, providing sample plans and strategies for ensuring maximum citizen involvement and buy-in. The authors cover theory (classic and modern); tools (financing, tax policy, nonfinancial assistance); business attraction and retention; business creation (tools and current issues); the influence of high technology and education; and how to understand and evaluate the development readiness of each local environment. Highly recommended for courses in Economic Development, Nonprofit Management, Public Policy and Administration, Public Finance, and Urban Studies, this book provides a comprehensive foundation in techniques and theory of development. The case studies make this book an effective learning tool for students, as they demonstrate how policies have been applied in different settings in the real world. Learning objectives, study questions, and additional resources for each chapter guide students and provide suggestions for further thought and research.

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