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Third Triangle - Synergies: Economic Promotion,
Employment Promotion, Urban/Regional Development
Local economic development is not just about things like business
promotion, SME support and microenterprise promotion.
- The overarching goal of LED is to create jobs and income, and
therefore it is crucial to involve employment
promotion measures and organizations in a given LED effort.
Employment creation and poverty alleviation, however, is also a
distinct activity with its own delivery structure, and it is usually
addressed as part of social policy. This, in turn, leads to
something which is often a major confusion in LED: the distinction
between economic development (business promotion) and community
development (employment creation, poverty alleviation).
Sometimes these activities get mixed up, and as a result usually
neither economic nor social objectives are achieved.
- One of the key issues of LED is to enhance the locational quality
of a given place. If you look at the tangible and intangible
locational factors, you find that some of them are closely related
to business promotion, whereas many other have to do with issues
which are usually addressed under the heading of Urban
Development, which has its own concepts and approaches - and
often a much longer time horizon than LED.
From the perspective of a business promotion agency /actor, it is
crucial, in order to design and implement an adequate LED effort, to
understand what is going on in these two neighboring fields: What are
the main concepts and instruments used there, and what tensions exist
between the three fields?
![](../image/Grafiken/hexagon-triangle3.1_2609_2-2.gif)
But it also must ask: What are the synergies which can be realized by
connecting concepts, measures and actors from these different fields?
![](../image/Grafiken/hexagon-triangle3.2_2609-2.gif)
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More of...
synergies
employment
promotion
LED+
community
urban/
regional
development
land
use
planning
(LUP)
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