Economic Development and Social Impact

Economic Development is a suite of tools such as policies, programs, projects/activities that seek to improve the economic well-being and quality of life of a community. Economies are not static entities; they are influenced by local, national and international events or conditions, competitiveness, legal and regulatory environment, available infrastructure, resources and skills, investments and incentives, entrepreneurship and available assets. Proactive government action is usually required to reverse serious economic decline. Responsibility for economic development does not rest with a single entity. National and regional governments play a critical role in creating a conducive environment for economic development through good strategies and visions, implementing planning and key investments in infrastructure, education and skills, but the actual delivery of economic development is usually done by state owned enterprises or the private sector.

We work with leaders and key decision makers offering advice on all aspects of economic development to governments, state owned enterprises or the private sector. We seamlessly integrate economic development to create the necessary evidence base for urban regeneration or development, seek opportunities to maximize social and economic impacts, and where appropriate create models to optimize overall returns from investment. We also assist governments in developing policy, programs and activities/initiatives in support of social and economic development.