Planning Local Economic Development: Theory and Practice

by Nancey G. Leigh

Overview

Author Nancey Green Leigh brings years of academic and professional experience to this classic text, which offers a comprehensive look at the basic tenets of local economic development planning. The book explores the theories of local economic development while addressing the issues and opportunities faced by cities, towns, and local entities in crafting their economic destinies within the global economy. The new Seventh Edition is updated with an increased focus on sustainability and equity, including local economic development issues arising from the global COVID-19 pandemic and significant shifts in the global economy.

Product Details

ISBN-13:	9781071858349
Publisher:	SAGE Publications
Publication date:	11/06/2024
Sold by:	Barnes & Noble
Format:	eBook
Pages:	480
File size:	12 MB
Note:	This product may take a few minutes to download.

About the Author

Nancey Green Leigh is a Professor and PhD Program Director in the School of City and Regional Planning Program at the Georgia Institute of Technology. She is a Fellow of the American lnstitute of Certified Planners and Co-Editor of the Journal of Planning Education and Research. Leigh teaches, conducts research, and publishes in the areas of local economic development planning, urban and regional development, brownfield redevelopment, and sustainable urban industrial systems.She is the author of Stemming Middle Class Decline: The Challenge to Economic Development Planning, and coauthor (with Joan Fitzgerald) of Economic Revitalization: Cases and Strategies for City and Suburb. Some of the journals she has published in are Economic Development Quarterly, Journal of Planning Education and Research, Journal of the American Planning Association, Journal of Industrial Ecology, International Regional Science Review, Journal of Resource Conservation and Recycling, Growth and Change, Journal of Urban Technology, IEDC Economic Development Journal, and the Journal of Planning Literature. She obtained her B.A. in urban studies and a master′s in regional planning from the University of North Carolina at Chapel Hill, and a master′s in economics and a Ph.D. in city and regional planning from the University of California at Berkeley. She is a former Woodrow Wilson Fellow and Regents Fellow of the University of California at Berkeley and past Vice President of the Association of The Collegiate Schools of Planning.

Table of Contents

1. The Enduring Argument for Local Economic Development Planning
Local Economic Development Planning in the Face of Globalization
The Influence of Outsourcing and Insourcing
People and Places Left Out of the Evolving Economy
The Future of Local Economic Development Planning
2. The Influence of National and State Policies on Local Economic Development
Three Approaches to National Economic Policy
Monetary and Tax Policy
Trade Policy
Welfare to Workfare Policy
Health Care Policy
National Policy Targeting Local Economic Development
Coordination of Local and National Development Efforts
State Economic Development Approaches
Challenges and Opportunities Inherent in Economic Development Policymaking
Conclusion
3. Concepts and Theory of Local Economic Development
Defining Local Economic Development
Theories of Growth and Development
Translating Theory Into Practice
Theories, Models, and Fads in Local Economic Development Planning
The Continued Evolution of Economic Development Theory Into Local Practice
Conclusion
4. The Local Economic Development Profession and Professionals
The Role of the Economic Development Practitioner
The Task Functions
The Clients
The Professional Roles
Economic Development Careers
Conclusion
5. The Local Economic Development Planning Process
Preliminary Tasks of Local Economic Development Planning
The Six Phases of Planning
Managing Planning Resources in the Community
Selecting a Local Economic Development Role
Typology of Planning Approaches
Features of Local Economic Development Planning
Conclusion
6. Introduction to Analytical Methods for Local Economic Development Planning
Information and Analytical Requirements for Local Economic Development Planning
Understanding an Economy’s Strengths and Weaknesses
The Economic Profile
Building on Comparisons
Gathering Available Descriptive Data
Occupational Data
Employer Reports
Examining Analytical Techniques
Principles of Economic Projections
How Do Changes Multiply through the Economy?
Identifying Industrial Clusters: The Most Important Parts of the Local Economy
Conclusion
Putting It All Together: Creating a Local Economic Development Strategy
7. Local Economic Development Strategy
The Goals of Local Economic Development
Prerequisites for Successful Strategy Formulation
Selecting Strategic Options
Economic Development Plans within the Context of Comprehensive Plans
Common Traps in Strategy Formulation
Assembling the Elements of a Strategy
Projects from Strategies
Plan Financing and Implementation
Conclusion
8. Locality Development
The Link Between Economic Development and Urban Design
Land Banking and Community Land Trusts
Physical Infrastructure Development on Industrial and Commercial Land
Speculative Buildings
Zoning Regulations
Business Improvement Districts
Regulatory Improvement Through Simplification
Townscaping
Shopsteading
Housing and Neighborhood Improvement
Sources
Conclusion
9. Business Development
Creating a Good Business Climate
Entrepreneur Development and Economic Gardening
One-stop Business Assistance Centers
Start-up and Venture Financing Companies and Development Banks
Small Business Development Centers
Specialized Economic Development Tools
Research and Development
Enterprise Zones
Incentivizing or Subsidizing Local Economic Development?
Conclusion
10. Human Resource Development
Workforce Development
Realities of an Under-trained Workforce
Public Role in Workforce Development
Goals of Human Resource Programs
Matching Human Resource Programs and Economic Development Objectives
Education as the Foundation of Human Resource Development
Implementing a Human Resource Development Strategy
Conclusion
11. Community Economic Development
Community Development Corporations
Community Cooperatives
Local Enterprise Agencies
Employee–worker Ownerships
LEED for Neighborhood Development
Workforce Housing Planning
Targeting and Marketing Neighborhood and Community Assets
Conclusion
12. Building the Implementation Plan
Public-private Partnerships
Marketing Community
Project Financing
Assessing Project Viability
Sustainability Analysis
Detailed Feasibility Analysis
Cash Flow Analysis
Project Sustainability
Organizational Design
Monitoring and Evaluation
Conclusion
13. Institutional Approaches to Local Economic Development
Organizational Requirements for Local Development
Public-private Partnerships
The Economic Development Specialist
Institutional Approaches to Local Economic Development
A Typology of Development Organizations
Conclusion
14. Local Economic Development Planning’s Response to a Global Economy and Climate-Challenged Planet
Finding Solutions through Innovation and Technology
The Technology Development Process
Fostering the Advanced-technology Community
Advanced Manufacturing and Clean Technology
Resiliency in Local Economic Development
Local Economic Development Planning for Resiliency
Conclusion: The Future of Local Economic Development Planning
Four Strategies to Foster Structural Change in Local Economic Development Planning and Practice
The Way Forward
Index
About the Authors

Editorial Reviews

Written for students studying to become professional practitioners of local economic development at the regional, agency, city, or county government or neighborhood levels, this text explores theories of local economic development and addresses the dilemmas communities face. Coverage includes planning processes, analytical techniques, business and human resource development, and high-technology economic development strategies. This third edition is updated to reflect the financial boom and collapse of the 1990s, the policies of the Clinton and George W. Bush administrations, and the aftermath of September 11. Blakely is affiliated with New School University. Bradshaw is affiliated with the University of California-Davis. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Booknews

Nancey Green Leigh and Edward Blakely’s Planning Local Economic Development: Theory and Practice is an engaging text. I’ve used this book over the years both as a student and as a professor. Each edition gets stronger and adds additional value to understanding a topic as complex as local economic development.

Marcus Mauldin

Planning Local Economic Development: Theory and Practice is the authoritative and comprehensive text for students of economic development planning and policy. The authors, leading scholars of the urban planning field, present an engaging and lively introduction to the field. The book strikes a perfect balance between theory and practice. Highly recommended.

Thomas Vicino

Leigh and Blakely’s Planning Local Economic Development is the gold standard for texts in local economic development. The book provides excellent breadth and depth of conceptual and analytical frameworks in the field of economic development while also integrating applied case materials. My students appreciate the accessible writing style and the applied nature of the book, which generates class discussion of key concepts.

Russell Mills

Planning Local Economic Development: Theory and Practice provides readers with a hands-on approach to learning economic development. In as much as it provides the theoretical basis for working in the field, it also presents the challenges associated with the everyday economic, social, and political realities of planning local economic development.

Brent Hales

Planning Local Economic Development: Theory and Practice is one of the most functional textbooks on the market. The key issues are covered in easy to read chapters. There is enough information to inform the students without overwhelming them. Students and faculty will both want to make this part of their permanent library.

Michael Collins