The Enterprise and Economic Development Glossary a resource of the .network library

growth:

... a process that occurs in a place where there is a development event or series of events that bring about expansion and increased vitality, which to some degree should benefit affected people living, working, and sharing things in common. The type of growth process defined typically requires the expansion of community facilities, services, and installations in order for results to take hold. It relates to enterprise and economic development. Growth moves something, or someone, toward maximum potential for development in size, strength, value, worth, production, profitability or return on investment.

Growth potential exists before there is a process. Community growth potential is a latent possibility that requires foresight that initiates development and expansion of infrastructure as well as skills and capabilities to find and take advantage of worthwhile and wanted opportunities.

Growth impact may be positive or negative. The example in the latter case is a place where something of economic value that can't be replaced, such as a limited natural resource, is removed. Growth occurs; the opportunity is exploited to the fullest; nothing is done to prepare for when the opportunity plays out; the community withers. Communities boxed in by institutions typically lose their ability to be proactive, yet that is a key attribute of growth. Preemptive strategies and actions that facilitate community vitality, at least, if not growth sustainability requires risk and sacrifice. It's not for the greedy or faint of heart.

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define infrastructure for growth:

... an underlying base, foundation or support for increasing size, value, strength, number, or capacity. For example, economic growth is supported by an infrastructure that facilitated the production of goods and services. Economic growth is measured by comparing what happens from one time period to another. (It) ... can be measured in nominal terms, which include inflation, or in real terms, which are adjusted for inflation (source of quote). Another example is location infrastructure which is analyzed during site selection. It consists of various community facilities, services, and installations.

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FYI: definition of growth definition of growth process definition of process of growth definition of growth potential definition of growth impact definition of growth infrastructure definition of economic growth definition of community growth definition of location infrastructure for economic development definition of community infrastructure for economic development