What is community economic development?

Community Economic Development (CED) is a type of community initiative to improve some aspects of the local community through support and create economic opportunities. Most forms of community economic development focus on the use of resources of community leaders and local enterprises to help citizens with low income or vulnerable citizens or to improve the community through environmental, security and public persecutions. Successful projects usually rely on joint efforts between private and public workers, using organizational and analytical skills of local administration and resources, specialized knowledge and services of private industry.

One of the main advantages for the community's economic development is that they drive local problems at local level. The main players in the CED project are usually people who live and work in the community themselves, and thus have an informed understanding of the contested community and a personal share of improving. By using local resources canOmunita able to avoid a longer and often more complicated process of waiting for regional or national aid in solving a serious local problem.

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Community economic development project differs from a charity enterprise in that they try to make a solution that are economically viable and beneficial to the community. For example, a charity organization can provide temporary free housing to a newly free mother without a job. On the other hand, the CED could develop a program for the free mothers community to share duties in housing and childcare so that everyone can keep their work without worrying to lose their home or leave their children alone. A single mother gains the advantage of reduced housing costs and care for free care dependence on government sources.

Many programs for the economic development of community focuses on helping the most vulnerable citizens to get the hatsDays of food, shelter, employment and medical care. In the fight against hunger, gardening centers can cooperate with the local government and create community gardens caring and planted volunteers on unused public land. To help with the unemployment rate, communities can create work centers and offer free training to help balance unemployed citizens with available opportunities.

Some CED programs focus on improving the community through creativity and innovation. Community businesses and community leaders can cooperate with local artists to increase the level of tourism by sponsoring festivals and performances. Regional officials could be able to increase tourism and provide temporary employment for theater groups and music groups by allowing an outdoor performance in local parks.