Community economic development
Encyclopedia
Community Economic Development (CED) is a field of study that actively elicits community involvement
when working with government, and private sectors to build strong communities, industries, and markets. "Community Economic Development is a multifaceted comprehensive approach to community change that is not limited to just poverty programs, nor is it synonymous with industrial recruitment. Community Economic Development is not an attempt to exploit resources to yield the maximum economic return."
Community economic development encourages using local resources in a way that enhances economic opportunities while improving social
conditions in a sustainable
way. Often CED initiatives are implemented to overcome crisis', and increase opportunities for communities who are disadvantaged
. An aspect of “localizing economics,” CED is a community-centred process that blends social and economic development to foster the economic, social, ecological and cultural well-being of communities. It may form part of an ESCED initiative.
Community economic development is an alternative to conventional economic development
. Its central tenet is that: “... problems facing communities—unemployment, poverty, job loss, environmental degradation
and loss of community control—need to be addressed in a holistic and participatory way.”
Community Economic Development is often involved in a process of building Social Enterprise
s that are part of the social economy. Sometimes called the Third Sector, a community based social enterprise is a partnership between government agencies, small to medium enterprises, large national or transnational corporations and the not-for-profit sector, and aims for social, economic and/or environmental outcomes that none of these agencies could achieve for and by themselves.
Civic engagement
Civic engagement or civic participation has been defined as "Individual and collective actions designed to identify and address issues of public concern."-Forms:...
when working with government, and private sectors to build strong communities, industries, and markets. "Community Economic Development is a multifaceted comprehensive approach to community change that is not limited to just poverty programs, nor is it synonymous with industrial recruitment. Community Economic Development is not an attempt to exploit resources to yield the maximum economic return."
Community economic development encourages using local resources in a way that enhances economic opportunities while improving social
Social
The term social refers to a characteristic of living organisms...
conditions in a sustainable
Sustainability
Sustainability is the capacity to endure. For humans, sustainability is the long-term maintenance of well being, which has environmental, economic, and social dimensions, and encompasses the concept of union, an interdependent relationship and mutual responsible position with all living and non...
way. Often CED initiatives are implemented to overcome crisis', and increase opportunities for communities who are disadvantaged
Disadvantaged
The "disadvantaged" is a generic term for individuals or groups of people who:* Face special problems such as physical or mental disability * Lack money or economic support....
. An aspect of “localizing economics,” CED is a community-centred process that blends social and economic development to foster the economic, social, ecological and cultural well-being of communities. It may form part of an ESCED initiative.
Community economic development is an alternative to conventional economic development
Economic development
Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area...
. Its central tenet is that: “... problems facing communities—unemployment, poverty, job loss, environmental degradation
Environmental degradation
Environmental degradation is the deterioration of the environment through depletion of resources such as air, water and soil; the destruction of ecosystems and the extinction of wildlife...
and loss of community control—need to be addressed in a holistic and participatory way.”
Community Economic Development is often involved in a process of building Social Enterprise
Social enterprise
A social enterprise is an organization that applies business strategies to achieving philanthropic goals. Social enterprises can be structured as a for-profit or non-profit....
s that are part of the social economy. Sometimes called the Third Sector, a community based social enterprise is a partnership between government agencies, small to medium enterprises, large national or transnational corporations and the not-for-profit sector, and aims for social, economic and/or environmental outcomes that none of these agencies could achieve for and by themselves.
External links
- The Canadian CED Network
- Statement of CED Principles
- CED Gateway (index)
- Glen C. Pulver "father of community economics"
- Center for Community Economic Development
See also
- List of community topics
- Community developmentCommunity developmentCommunity development is a broad term applied to the practices and academic disciplines of civic leaders, activists, involved citizens and professionals to improve various aspects of local communities....
- Community buildingCommunity buildingCommunity building is a field of practices directed toward the creation or enhancement of community among individuals within a regional area or with a common interest...
- Community economic development
- Community practiceCommunity practiceCommunity Practice is a branch of social work in the United States that focuses on larger social systems and social change, and is tied to the historical roots of United States social work...
- Community serviceCommunity serviceCommunity service is donated service or activity that is performed by someone or a group of people for the benefit of the public or its institutions....
- Community engagementCommunity engagementCommunity engagement refers to the process by which community benefit organizations and individuals build ongoing, permanent relationships for the purpose of applying a collective vision for the benefit of a community...
- Social EconomySocial economySocial economy refers to a third sector in economies between the private sector and business or, the public sector and government. It includes organisations such as cooperatives, non-governmental organisations and charities....
- Community Economic AnalysisCommunity Economic AnalysisCommunity Economic Analysis is examining how a community is put together economically and how the community responds to external and internal stimuli. Community economic analysis is a comprehensive rationale where people in a community challenge common methodologies within the system in an effort...