Promote holistic economic planning.
Action 1
The Economic Development Administration should take the lead in developing
and delivering educational forums for state, local, and tribal economic
development planners on how economic planning and sustainability community
goals can be aligned and on how to attract and promote sustainable business
development. Already, Economic Development Administration (EDA) planning
supports 320 economic development districts and 65 Indian tribes, staffed and
operated locally, to help communities build capacity to focus on long-term
economic challenges. Since economic development districts are often
coordinating entities for various federal programs, the agency also supports
and encourages interdisciplinary regional planning that encompasses economic,
social, and environmental factors. Current EDA efforts should continue to meet
the need for increased sustainable business development.
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Action 2
Elected, community, and business leaders; labor representatives; and local
government agencies should work together with residents to develop a consensus
about what types of business investment would succeed in their community and
which are desired, and communicate this consensus to brokers, trade
associations, and potential investors. Community groups should also create,
where possible, a partnership that can represent community interests to new and
existing businesses considering an investment in the community. National community
development organizations, industry associations, and economic development
agencies should work together to identify and promote industry-specific
strategies that increase community investment and promote sustainability. In
particular, building on experience from the Empowerment Zones and Enterprise
Communities, these groups should look at how to promote new economic
opportunities for sustainable small businesses in low-income communities.
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