3) Economic Development | Economic Viability

A community can improve its ability to undertake economic development activities by having dedicated and knowledgeable staff devoted to community economic development. Dedicated community resources for entrepreneurship and business development, along with supportive leadership and engaged members, are cornerstones of successful economic development. This next section will help you evaluate your community’s economic development resources and processes:

How active is the informal economy?
Do traditional practices such as hunting, trapping, fishing and farming generate income?
Are there traditional goods that are grown and produced locally, but that are sold outside the community?
Does the revenue from community businesses stay in the community? To what extent does it leak out into the external economy