Organising Local Economic Development

The Role of Development Agencies and Companies

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Development processes occur within a wider geographical area than local government, and in some cases encompass a broader scope than provincial or national governments. Thus substantial inter-governmental co-operation and public-private partnership are needed. This book identifies how development agencies and companies work, what they do and what constitutes success and value added. It explores international practices in a variety of locations and contexts, and defines both the success factors and the challenges associated with economic development agencies and companies.



Build Toronto and Invest Toronto

In 2008, Toronto Mayor David Miller initiated reviews of both the city’s economic development efforts and the use of its own asset base to leverage investment and maintain fiscal health and a strong balance sheet. Through the Agenda for Prosperity, the city has embarked upon a programme to become a successful global player, and some of the city’s most recent policies articulate this as a vision for Toronto to become a global business city, a hub of environmental innovation, a beacon of diversity and cohesion, and a centre for global education and training. Although by no means a large city region by international standards, Toronto is becoming a leader in the sectors that are increasingly coming to define the 21st century – sustainability, medical innovation, financial services and education.


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