Local economic development definition

Local economic development means local and socio-economic development as contemplated in section 152 of the Constitution, 1998;
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Local economic development means an element of local development which emphasises the mobilisation of endogenous resources and local knowledge and skills in a manner that attracts investments to generate inclusive economic activities and growth and promotes the equitable redistribution of resources.
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Examples of Local economic development in a sentence

  • CVRD Regional Growth Strategy Goals: Housing Ecosystems, Natural Areas and Parks ✔ Local economic development Transportation Infrastructure Food Systems Public Health & Safety Climate Change Policy 2A-9: The Regional Growth Strategy supports the implementation of the local government parks and greenways plans and policies to establish a network of interconnected local and electoral area parks and greenways in order to protect recreational opportunities, wildlife habitat and natural ecosystem functions.

  • Local economic development in Montenegro is highly decentralized with municipalities leading the process.

  • Local economic development entities (Southern Minnesota Initiative Foundation, City of Austin and Development Corporation of Austin) understand our value and enthusiastically support the Hormel Institute.

  • Due to Palabora’s financial constraints, the SLP at the time had only three Local economic development programmes, namely, Marula oil beneficiation, Waterbok Farm and electrical Infrastructure Upgrade for an amount of r15 million.