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Economic Development Policy

  • Living reference work entry
  • First Online:
Global Encyclopedia of Public Administration, Public Policy, and Governance

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Synonyms

Attraction/retention/expansion activities; Development incentive programs; Entrepreneurship; Small enterprise development; Tax abatements

Definitions

Economic development:

public, and often governmental, intervention in a market to facilitate private-sector investment and encourage job growth.

Incentives:

provision of special considerations, including tax abatements, loans, or cash grants, to businesses meeting economic development program employment or investment criteria.

Business attraction:

policies and programs designed to bring businesses located elsewhere to an area engaging in such policy measures.

Business expansion:

policies and programs designed to grow businesses located in an area.

Business retention:

policies and programs designed to keep businesses in an area that may otherwise close or move elsewhere.

Introduction

Economic development has been defined as “a program, group of policies, or activity that seeks to improve the economic well-being and quality of life...

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Author information

Authors and Affiliations

  1. Walden University, Minneapolis, MN, USA

    Christopher L. Atkinson

  2. School of Public Administration, Florida Atlantic University, Boca Raton, FL, USA

    Christopher L. Atkinson

Authors
  1. Christopher L. Atkinson
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Corresponding author

Correspondence to Christopher L. Atkinson .

Editor information

Editors and Affiliations

  1. Florida Atlantic University, Boca Raton, Florida, USA

    Ali Farazmand

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Atkinson, C.L. (2017). Economic Development Policy. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_228-1

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  • DOI: https://doi.org/10.1007/978-3-319-31816-5_228-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-31816-5

  • Online ISBN: 978-3-319-31816-5

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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