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Local development is the process of building stronger, more vibrant communities, where economic opportunities flourish, and all residents can enjoy a high quality of life. Its about job creation and competitiveness, but not only.
What is an example of a local company?
For example, a local business can be an independent store, a food truck, or an office space. A local business is also different from a chain store because the local business owner owns the building where its located. A common trait of most local businesses is that they are small and family-owned.
What does local industry mean?
Local Service Industry means an industry, the manufacture and product of which is generally consumed within the local area, for example: bakeries, ice-cream manufacturing, aerated water, Atta Chakies with.
What is a local industry example?
Local Service Industry means an industry, the manufacture and product of which is generally consumed within the local area, for example bakeries, ice-cream manufacturing, aerated water, Atta Chakies with power, laundry, dry-cleaning and dyeing, repair and service of automobile, scooters and cycles, repair of house hold
What is an example of a local industry?
Local industries often include small and medium-sized enterprises (SMEs) that cater to the daily needs of the local population. Examples of local industries may include neighborhood grocery stores, bakeries, restaurants, hair salons, repair shops, and other service-oriented businesses.
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Service business definition For example, hairstylists, accountants, plumbers, landscapers, general contractors, and doctors all work in the service industry. Because service businesses offer much-needed expert skills to their communities, theyre often profitable and in high demand.
What is a local industry development plan?
A Local Industry Development Plan is a document prepared by the supplier as part of the Expression of Interest, Request for Tender and/or tender submission for a LJF project. The LIDP details the suppliers commitment to address the LJF requirements and details the expected local content and job outcomes.
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About EDA | U.S. Economic Development Administration
EDA provides economic development financial assistance to communities so they can encourage innovation and entrepreneurship in a way that works best for them.
Analyzing industry concentrations and employers focuses on economic activity within a community. The data being used includes people who work in the area, but
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