Supply-Side Approaches to Local Economic Development
Supply side approach to local economic Development usually involved some sort of capacity development of the rural area. Sometimes this takes the form of education and training so that a better-educated workforce is in place for new employers. This is particularly true of the training of farm family members who are going to remain in the community . In 1990 Brandon University surveyed about 2000 students in and around Brandon who had stopped out from finishing their degrees, in order to find out what barriers existed to their completion. They had an 85% response rate listing a total of 27 blocks. A program to remove those blocks to degree completion in order to provide a better workforce is typical of supply side economic development.
Other examples of assets that can be developed prior to their being needed are infrastructure like roads and airports, tax incentive programs, natural amenities, business "shell" facilities, and industrial parks.
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