High Impact Strategies: Community Economic Development

NASCSP Winter Conference March 1, 2012

Goals

• Briefly define Community Economic Development and understand example projects

• Gain Understanding what the States’ role can be in supporting and promoting CED

• Reflect on what we can do when we return to the office

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Community Economic Development

A process that seeks to improve economic conditions and quality of life for members of the

community, generally in through a process governed by members of the community.

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Community Economic Development

A process that seeks to improve economic conditions and quality of life for members of the

community, generally in through a process governed by members of the community.

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Community Economic Development

A process that seeks to improve economic conditions and quality of life for members of the

community, generally in through a process governed by members of the community.

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CED as a Catalyst

Community Economic Development can act as a Catalyst: a one time investment with many positive ripple effects in the local economy and community

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Why is this a High Impact Strategy for Community Action

• A strategy built around using existing resources, relationships, and innovative ideas to leverage new investment in our communities.

• Investment directed at moving people out of poverty

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Entrepreneurial Thinking

“Entrepreneurship is the pursuit of opportunity without regard to resources currently

controlled”

-Harvard Business School prof Howard Stevenson

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Successful CED

• Combination of an innovative mindset and practical business savvy.

• But just as important is a deep knowledge of the community and its needs and resources.

• …sounds like Community Action!

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In My State…Discussion Questions

• Are the Agencies in my state already engaged in this type of work? Why or Why Not? (Are there any specific enabling conditions or obstacles?)

• Do I think that Community Action Agencies are well suited for this type of work? What could make them better suited for it?

• What is one action I can take when I get home to help support CED activities in my state?

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