Economic Development
First, we will take a look as various definitions available on the Internet. First one is present on the web site called “Network Search directory” (2005) in its Glossary section which says:“... a process that begins when a community makes itself ready to accommodate the retention, startup, location, or expansion of an enterprise. Economic development occurs when a local economy is vitalized by the creation of one or more jobs, an increase in community wealth, or the useful distribution of capital that arrives from outside sources.”
Another view that is presented by Robert E. Glover (1998) taken from a paper titled Economic Development Today: A Report to the Profession published in 1984 by American Economic Development Council (AEDC) as “Economic Development: the process of creating wealth through the mobilization of human, financial, capital, physical and natural resources to generate marketable goods and services. The economic developer's role is to influence the process for the benefit of the community through expanding job opportunities and the tax base."
In opening remarks of a report, published by The City of Henderson on Economic Development Strategy, they had used.....
