ECONOMIC DEVELOPMENT PROJECT PROPOSAL

ASSIGNMENT INSTRUCTIONS
Imagine you are an economic consultant charged with an economic development project proposal. Complete
each part of the assignment to research and discuss the factors that lead to and/or restrict economic
development, and then develop a project, policy, ministry, or business plan that, if implemented, may improve
the economic growth within a specific region or city. Start by selecting a region or city. Then begin the process
of researching the region and identifying the key factors that have negatively impacted or hindered the
region’s economic development.
• The project should address key economic development factors and provide a means of improving the
quality of life for the citizens of the selected region.
• Your analysis should include the evaluation of a minimum of four macroeconomic indicators for a city
or county in the US.
o Examples of macroeconomic indicators are GDP, employment indicators (labor market,
unemployment, wages), consumer price index, the producer price index, retail sales, trade,
interest rates.

PART 1 – INTRODUCTION AND CITY/COUNTY EVALUATION
Research the economic situation of a city or county of your choice by addressing the following:

  1. Background of the city or county, including:
    • City/county population size,
    • GDP size and GDP growth pattern
    • unemployment rates
    • major industry(ies)
    • main tradable industry or commodity
    • government budget size.
  2. Description of four macroeconomic indicators
  3. The status of the city or county’s condition for each macroeconomic indicator
  4. The major challenges (economic, financial, social) facing your selected city or county.
  5. The city or county’s major economic and financial strengths
  6. ASSIGNMENT REQUIREMENTS
  7. • Selects of city or county
  8. • Describes of city or county background
  9. • Selects and description of macroeconomic indicators
  10. • Describes the major economic, financial, and social challenges facing selected city or county
  11. • Describes the city or county’s major economic and financial strengths

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