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<br />Economic Development 13
<br />5. Ensuring that the benefits of economic development are widely sJzared. Using public funds for economic
<br />development assumes that doing so serves a larger public interest. Local governments face a challenge in
<br />ensuring that public economic development activities extend beyond narrow private interests to benefit the
<br />community in a broader sense. More specifically, Ioca1 governments often intervene in the process to steer
<br />growth and development to disadvantaged areas and residents.
<br />6. Measuring and evaluating success. So much is done in economic development without ever knowing what
<br />difference it has made in communities. Systematic evaluation of economic development programs can shed
<br />light on what is working and where resources should be focused.
<br />7. Knowing when to collaborate and when to compete. Though economic development is an inherently
<br />competitive process that often pits one jurisdiction against another, there is increasing recognition that
<br />regional collaboration makes sense in certain instances. Regional solutions to infrastructure, workforce
<br />development, and incentives are difficult to initiate and implement. Yet, the reality is that economies tend to
<br />be regional in nature and cut across political boundaries. A major question that arises is how to reconcile the
<br />fact that taxation, land use, and infrastructure decisions are tied to Ioca] political jurisdictions, but regional
<br />economies are not.
<br />Addifiional Resources
<br />Publications
<br />Austrian, Ziona, and Jill Norton. Strategies and Tools in Economic Development Practice. Center for
<br />Economic Development, Cleveland State University, 2002. Available online at http://urban.csuohio.
<br />edu/economicdevelopment/knight/index.htm.
<br />Bartik, Timothy J. "Economic Development," in Management Policies in Local Government Finance,
<br />5th ed,, ed. 3. Richard Aronson and EIi Schwartz (Washington, D:C.: International City/County
<br />Management Association, 2004), 355-90.
<br />Blakely, Edward J., and Ted K. Bradshaw. Planning Local Economic Development.• Theory and Practice,
<br />3d ed. Thousand Oaks, Calif.: Sage Publications, 2002.
<br />Forman, Maury, and Jim Mooney. Learning to Lead.• A Primer on Economic Development Strategies.
<br />Dubuque, Iowa: Kendall/Hunt Publishing Co., 1999.
<br />Koven, Steven G., and Thomas S. Lyons. Economic Development: Strategies for State and Local Practice.
<br />Washington,.D.C.: International City/County Management Association, 2003.
<br />Lawrence, David M. Economic Developmen# Law for North Carolina Local Governments. Chapel Hill, N.C
<br />Institute of Government, University of North Carolina at Chapel Hill, 2000.
<br />Malizia, Emil, and Edward Feser. Understanding Local Economic Developrnerzt. New Brunswick, N.7.:
<br />Center for Urban Policy Research, 1999.
<br />Morgan, Jonathan Q. "Clusters and Competitive Advantage: Finding a Niche in the New Economy." Popular
<br />Government 69, 3 (Fall 2004): 43-54.
<br />Seidman, Karl R Economic DevelopmentFinarzce. Thousand Oaks, Calif.: Sage Publications, 2004.
<br />Shively, Robert W. Economic Development for Sma11 Communities: td Handbook for Economic Development
<br />Practitioners and Community Leaders. Washington, D.C.: National Center for Small Communities,
<br />2004.
<br />® 2007 UNC-Chapel Hill School of Government. Do not duplicate.
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