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Community Economic Developement

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Selecting REDB Activities and Initiatives
What is Community Economic Development?
Community Economic Development is a community-informed, place-based, strategicallyfocused, collaborative approach to creating new enterprises, stabilizing existing enterprises, growing existing enterprises, attracting new enterprises and / or creating the conditions where these advances can occur.
Why do we focus on initiatives and activities?
There is a big difference between hoping for something and making it happen. We focus on initiatives and activities because they are the ONLY means of positively impacting the regional context in which we operate. Without execution, our planning amounts to little more than wishful thinking. Initiatives and activities that are strategically-focused, properly-prioritized, well-planned, and well-executed bring strategic plans to fruition.
How do we ensure that we undertake the best initiatives and activities possible?
It is a difficult challenge. One size does not fit all. What works for one region will not necessarily work for another. There are desired states called ‘outcomes’ that we are trying to achieve. We undertake activities and initiatives that will produce products or services called
‘outputs’ that will contribute to achieving our desired outcomes. We control the outputs we produce but not the outcomes we hope to influence. We use opportunity management processes to ensure that the initiatives and activities we undertake are those most likely to positively shape the outcomes we desire. All organizations have limited time, limited funds, limited skills, limited volunteer base, etc. There are only so many initiatives or activities that any organization can undertake. It is critical that the work we do fit with our logic model, produce tangible benefits, be undertaken in partnership (where possible) to leverage resources,

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