Local Economic Development (LED)

Local Economic Development (LED) refers to efforts made by communities to stimulate economic growth and improve living conditions within a specific area. It involves strategies that create jobs, encourage investment, and enhance local services and infrastructure. LED often focuses on leveraging local resources, engaging residents, and fostering partnerships among businesses, government, and non-profits. The goal is to build a sustainable economy that benefits the entire community, reduces poverty, and promotes social inclusion, ensuring that local populations can thrive in a changing economic landscape.