enterprise and economic development:
... a cogent expression used to indicate that
enterprise development leads to economic development. In other words,
endeavor such as starting up new ventures or expanding the operations
of enterprises as well imporving them to satisfy market demands for
higher quality and acceptable pricing brings
about economic development in locations around the world.
Looking at how the process within enterprise development often
referred to as site selection or sometimes as location work is intertwined
with economic development gives impetus to combining the two terms.
The economic development process ulimately ends in a location.
Enterprise developers invest time and capital in places seeking
economic development. Entrepreneurs create jobs as they invest in
startups. Business decison makers
leading the enterprise development of existing operations invest
in their employees, thus matching up with the kind of smart community
efforts at jobs retentions lead to economic development.
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, entrepreneural startups, and established small businesses
creep along in their growth within communities.
One local economic development practitioner has acknowlwdge the
plethora of explanations of the what his work is all about by posting
the following connent 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 clearly the
result of its enterprise developers and their investors. The definition
of enterprise and economic development is easily tied to the definitions
quoted above and their operative expressions.
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