Economic Development Clause Samples
The Economic Development clause outlines the obligations and commitments of parties to promote or support economic growth within a specified area or project. Typically, this clause may require one or both parties to invest in local infrastructure, create jobs, or engage in activities that stimulate the local economy, such as sourcing materials from local suppliers or providing training programs. Its core practical function is to ensure that the agreement contributes positively to the economic well-being of the community or region involved, addressing concerns about local impact and fostering sustainable development.
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Economic Development. Article 21
Economic Development. The Company is committed to the principle of stimulating, cultivating and strengthening the participation and representation of persons of color, women and members of other under-represented groups within the Company and in the local business community. The Company believes that increased participation and representation of under-represented groups will lead to mutual and sustainable benefits for the local economy. The Company is committed also to the principle that the success and economic well-being of the Company is closely tied to the economic strength and vitality of the diverse communities and people it serves. The Company believes that contributing to the development of a viable and sustainable economic base among all Company customers is in the best interests of the Company and its shareholders.
Economic Development. Governance
Economic Development. 1. The Parties aim to promote balanced economic growth, poverty reduction and the reduction of social-economic disparities.
2. The Parties confirm their commitment to achieving the Millennium Development Goals and should reaffirm their commitment to the Paris Declaration of 2005 on Aid Effectiveness.
3. The Agreement should also aim to include commitments on social and environmental aspects of trade, reconfirming that trade should promote sustainable development in all its dimensions and it should promote the assessment of its economic, social and environmental impacts.
Economic Development. Description - Provide community and business development services, as well as natural gas development services. Analyze community and business development opportunities. Expected Allocation Factors - 1) number of customers; 2) sales [kwh and dekatherm]; 3) total capitalization; and 4) total assets
Economic Development. That the District shall, and it is the purpose of the District to, facilitate economic development to create and/or preserve jobs and employment opportunities and to improve the economic welfare of the people in the State, Licking County, the Township, and the City; and
Economic Development. The Department of Economic Development will assist the Purchasing Division by providing MBES, WBES and SBS with information regarding the resources available to them and by referring such businesses to the Purchasing Division for additional information. The Department of Economic Development will also include MBES, WBES and SBS in any programs it has to introduce and familiarize businesses with opportunities in the City.
Economic Development. The following Business Assistance Services and Economic Development activities shall be provided by CHAMBER on an annual basis:
Economic Development. As a part of its ongoing function, the WisDOT Tribal Task Force will work with all appropriate groups, agencies, and committees to create infrastructure development, entrepreneurial assistance, and youth development programs meaningful to each partner.
Economic Development. Tickets shall be distributed first to individuals and organizations responsible for, or as prospects for, the following in the ▇▇▇▇▇ County, Nevada region: (i) generating economic activity, (ii) creating jobs, (iii) increasing tourism and (iv) other general economic development and tourism activities that promote and market the ▇▇▇▇▇ County, Nevada region. The Las Vegas Global Economic Alliance (the “LVGEA”) and the Las Vegas Convention and Visitors Authority (the “LVCVA”) shall each receive tickets to one (1) regular season team game per year and each shall have the choice in determining which game to attend prior to any games being awarded to other applicants. The LVGEA and the LVCVA shall alternate each year in who chooses first, with the LVCVA choosing first in the first year of operation of the Stadium. Tickets for the remaining applicants will be allocated through a lottery process whereby the name of an organization is paired with the drawing of a particular game or event. In no event shall the Authority distribute tickets to more than four (4) regular season team games annually to individuals or organizations representing economic development purposes. In the event that there is a shortage of qualified economic development applicants, the unallocated tickets shall be utilized for community support or civic fundraising purposes.