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LEDPRACTICELOCAL ECONOMIC DEVELOPMENT IN PRACTICELocal Economic Development in Practice A Toolkit for LED Practitioners Copyright United Nations Human Settlements Program (Habitat), 2013 DISCLAIMER
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01
Identify key stakeholders in the local community such as local government, businesses, non-profit organizations, and residents.
02
Conduct research to understand the current economic climate and challenges faced by the community.
03
Develop a strategic plan with specific goals and objectives for promoting economic development.
04
Implement programs and initiatives that support local businesses, attract new investment, and create job opportunities.
05
Collaborate with stakeholders to monitor progress and adjust strategies as needed to ensure success.

Who needs promoting local economic development?

01
Local government officials looking to stimulate economic growth and create job opportunities in their communities.
02
Local businesses seeking support to expand and thrive in the local market.
03
Residents who want to see their community prosper and have access to more job opportunities and amenities.
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Promoting local economic development involves implementing strategies and initiatives to support and enhance the growth of businesses within a specific region.
Businesses within a local area that are participating in economic development initiatives are required to file promoting local economic development.
To fill out promoting local economic development, businesses need to provide details about the initiatives they have undertaken to support the local economy, along with any relevant data or information.
The purpose of promoting local economic development is to stimulate economic growth, create job opportunities, and improve the overall well-being of the community.
Businesses must report on the specific programs, projects, or activities they have undertaken to promote local economic development, along with any results or outcomes.
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