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Local Economic Development
- 1. Local Economic Development Presentationby Yoel Siegel Email: yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 2. The Practical Issues •Unemployment (under employment) • Business development • Community and Business Services • Betterment of private and Public Assets • Improving the Quality of Life yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 3. International International : The humanimportance of developing and sustaining our planet and its future International : The human importance of developing and sustaining our planet and its future National: Efforts to meet national development needs National: Efforts to meet national development needs National Local Local Creating a successful weave of development in every aspect of life in an interface with the values of nature, community and heritage Local Creating a successful weave of development in every aspect of life in an interface with the values of nature, community and heritage In the end it happens at the local level.
- 4. Economics and Community “Valueand Values” There is a reciprocal relation between economic development and community development • Social wellbeing is in part a function of local economies • Local economies are in part a function of community functioning • There is often a break in the relation between these two sectors yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 5. Collective Wellbeing (Trust andeconomics) • Needs versus assets • Vision versus payoffs • Trust versus exploitation (first lessons) • Self interests versus cooperation Building Communities in a Global Society Yoel Siegel
- 6. Transforming Attributes into Resources Socialand Physical Attributes Economic Asset yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 7. Centers of Political Power Economic and Population Centers LOCATION Concentration of Control Angleof Opportunity yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 8. An Integrative Approach EconomicDevelopment •Jobs •New Businesses •New Opportunities •Higher Standard of Living Community Development •Career Skills •Entrepreneurs •New Opportunities •Better Quality of Life Low/no Skills Missed Opportunities Increasing gap Increasing frustration Social Unrest yoels214@zahav.net.ilBuilding Communities in a Global Society Yoel Siegel
- 9. The Vision Goals /needs Values Managing the Development Process The actual physical property (land, settlements, institutions, funds) The individual and the community Natural resources (nature, fauna, flora, history, etc.) The “Management Challenge”The “Management Challenge” Building Communities in a Global Society Yoel Siegel
- 10. Local Economic Development Strategies Creatingthe Conditions for Development: • Strengthening the Local Economy • Developing Social and Human Assets • Improving Public Assets yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 11. Strengthening the LocalEconomy Physical Infrastructure. Economic Incentives (Taxes, subsidies, etc.). Financial Assistance Local Linkage Mechanisms (Subcontracting, Joint Ventures, etc.) Improving access to economic resource outside of the region. yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 12. Developing Human andSocial Assets Employment Focused Training Job readiness Small Business Consulting/Guidance Community Leadership Development Community Business Forums and Services yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 13. Developing Public Assets Expanding Cultural Attractions as a magnet for business development Improving Public Services Insuring Basic Infrastructure – Water, Sewage, Power, Transportation yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
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- 15. Main significance: formulatinga different governance perceptionMain significance: formulating a different governance perception Government: Service provision Regulation Legislation Enforcement Governance: Initiating/Selecting Leading Conflict resolution Organization Evaluating Municipality Municipality City life Building Communities in a Global Society Yoel Siegel
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- 19. EconomicEconomic DevelopmentDevelopment EconomicEconomic DevelopmentDevelopment Living conditionsLiving conditionsLivingconditionsLiving conditions EnvironmentEnvironmentEnvironmentEnvironment The Municipal PlatformsThe Municipal Platforms •Development Corporation •Water and sewage •Waste management MSPU Cross cutting actions Building Communities in a Global Society Yoel Siegel
- 20. Outcomes Resources Time Frame Tasks FunctionalAction Plan Building Communities in a Global Society Yoel Siegel
- 21. Types of MunicipalVentures • Contracting – Outsourcing • Partnerships (Joint Subsidiary Corp) • BOT • Interim financing • Municipal Management Corp Building Communities in a Global Society Yoel Siegel
- 22. Small Scale Infrastructure Projects •Industrial Park and One Stop Service • Employment and Small Business Support Center • Tourism Mutual Support Center • Local Market • Recycling Sewage Project • Bicycle Path Building Communities in a Global Society Yoel Siegel
- 23. Urban Renewal Projects •From Public Housing to Private Ownership Safed (upgrading and financing) • Baltimore Inner Harbor (Land purchase, infrastr, public institution, events) • Rishon L’Zion – Added Building Rights • Landowner and Contractor Partnerships Building Communities in a Global Society Yoel Siegel
- 24. Integrated Projects • MegidoIndustrial and Human Resources project • BNS Demographic and Infrastructure program • Kisumu Lake Front Building Communities in a Global Society Yoel Siegel
- 25. yoels214@zahav.net.il Building Communities ina Global Society Yoel Siegel
- 26. Training Programs Employers’ Needs Data Bases Information Center Community Economicand Manpower Professionals Job Seekers Managing the Information Center Employment Center yoels214@zahav.net.il Building Communities in a Global Society Yoel Siegel
- 27. Municipal Development Corporations • PublicHousing • Community Center • CBD • Industrial Development Authority • Water and Sewage Treatment • Tourism Corp (information - reservation center) • Transportation • Child care Building Communities in a Global Society Yoel Siegel