Corporate economic development

Corporate economic development

A strategy by which local development organizations mobilize local resources for a multifaceted development campaign. Pursuing opportunities, risk taking in investment, innovation, and creativity are collective community strategies that promote development by a community for itself. Government programs may be used and corporate support attracted, but organizations representing the interests of the local community launch and direct the initiatives.
References in periodicals archive ?
Summary: Moody's Investors Service has today assigned long-term local and foreign currency issuer ratings of Aa2 to Mubadala Development Company PJSC (Mubadala), the corporate economic development arm of the Government of Abu Dhabi.
There is currently much competition among states for in-bound corporate economic development opportunities.
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