Local Economic and Employment Development (LEED)

1990-1097 (online)
1990-1100 (print)
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A series of reports from OECD’s Local Economic and Employment Development Programme (LEED). The LEED Programme identifies analyses and disseminates innovative ideas for local development, governance and the social economy. Governments from OECD member and non-member economies look to LEED and work through it to generate innovative guidance on policies to support employment creation and economic development through locally based initiatives. See also OECD Reviews of Local Job Creation under Related Reading.

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Private Finance and Economic Development

Private Finance and Economic Development

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18 June 2003
9789264034860 (PDF) ;9789264101999(print)

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City and regional governments as well as development agencies will learn from this report how to develop their own toolbox of instruments and structures for leveraging private finance.  What role can private financing play in local economic development?  To address this issue, this study draws on practical examples from North America and Europe to show how municipal and regional authorities can capitalise on private financing for economic development purposes.  The book is for policy researchers, entrepreneurs, academia and government circles.

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  • Introduction

    This book presents the findings of a Forum of Cities and Regions conference that took place in London in July 2002 in collaboration with the London Development Agency, Greater London Enterprise and the City of London Corporation and subsequent follow-up work. The book explores how various cities and regions in OECD countries are using the instruments they have available to draw private money into economic development, and tackles the difficult issue of what might be transferred between them in terms of best practices. By identifying, comparing and assessing some of the emerging tools and instruments in OECD countries, this book aims to provide advice and inspiration to cities and regions seeking to leverage private finance in their own economic development efforts...

  • Summary of the Conference Proceedings

    This chapter summarises the proceedings of the London conference which laid the ground for the subsequent expert chapters in this book. The conference used case studies from Europe and North America to present the levers available to attract private finance into community building, SME development and the renewal of brownfield sites. It also examined the challenges of making them work...

  • Community Development

    This chapter addresses the specific issue of leveraging private financing for community development, primarily in economically disadvantaged urban neighbourhoods that are not generally thriving through the normal working of private market activity...

  • Small- and medium-sized Enterprises

    Instruments to improve access to finance for small and medium-sized enterprises (SMEs) have long been neglected as a tool to stimulate regional and local development but are probably one of the best policy options. This chapter explores these issues focusing firstly on the financing paradox, secondly on the demand-side issues, thirdly on the supply-side issues and concluding with some concrete recommendations for cities and regions...

  • Small- and medium-sized Enterprises

    This chapter concentrates on the practical experience of London in seeking to leverage commercial funds into small firm support policies for access to finance, provision of good quality accommodation and micro business development...

  • Brownfield Redevelopment

    This chapter highlights trends in European and US-American strategies towards attraction of private investment for brownfield redevelopment, and provides examples of ways in which municipalities may work with, and benefit from, programmes within a regulatory framework offering specific tools and incentives for private investment on brownfield sites...

  • City Building in North America and Europe

    This chapter compares North American and European approaches to engaging the private sector to help in the task of "city building" through community building, brownfield redevelopment, and SME development and identifies a number of general best practices...

  • Transatlantic Comparisons

    Leveraging private finance into cities and regions is a fundamental imperative for governments of all kinds. Each city and region starts from a different position in terms of financial powers and frameworks and political cultures. Each therefore needs a set of instruments adapted to its own situation. The main implication is that policy learning should be undertaken in a careful and considered manner, with due attention paid to context...

  • Conclusion

    This concluding chapter reviews some of the instruments available and identifies a number of key lessons that should be taken into account if leveraging private finance is to be successful. The chapter examines in turn the issues of leveraging private finance into community building, SME support and brownfields regeneration before discussing the issue of the transferability of approaches and finally setting out some key overall messages for city and region policy makers...

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