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The website, www.cedworks.com,
has comments by Stewart
Perry pointing
out that economic development ... can be a specifically
undertaken activity, the same intended consequences might also take
place spontaneously,
without
any deliberate efforts to achieve them. However, the fact that desired
improvements do not often appear spontaneously is the reason that
the deliberate practice of economic development has arisen. It
would seem that spontaneous economic development is the surprising
result of enterprise development, sometimes hardly noticed as independent
workers, entrepreneurial startups, and established small businesses
creep along in their growth within communities.
One local economic development practitioner has acknowledged the
plethora of explanations of the what his work is all about by posting
the following comments online: The adopted AEDC
definition was "the process of creating wealth through the
mobilization of human, financial, capital, physical, and natural
resources to generate marketable goods and services.” Other
definitions include: The purposeful intervention into an economy
to improve economic well-being; The process that influences growth
and restructuring of an economy to enhance the economic well being
of a community;
The creation of jobs and wealth, and the improvement of quality of
life.—Greg
Last, Southlake, TX.
Most of the operative words and phrases in the above quote can be
directly related to what enterprise
development brings to the community.
Enterprise development mobilizes the human,
financial, capital, physical, and natural resources to generate marketable
goods and services.
The creation of jobs and wealth within an economy is
the result of active enterprise
developers and investors.
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