Profiling Economic Capacity

Authors

David J. Connell, University of GuelphFollow
Ellen Wall, University of GuelphFollow

Volume

42

Issue

4

Abstract

This article presents a method for creating economic capacity profiles based on assessing the resources available to support local economic development. Each profile incorporates four features of the local economy: entrepreneurship, infrastructure, human resources, and business environment. These four variables are evaluated through 20 indicators related to location. Both qualitative and quantitative scoring methods are used for representing the indicators, which become the basis for creating the profile. The outcome is a "snapshot" of the economic capacity of the area under investigation. These profiles are highly useful to Extension professionals wanting to improve economic development in local areas.

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Recommended Citation

Connell, D. J., & Wall, E. (2004). Profiling Economic Capacity. The Journal of Extension, 42(4), Article 5. https://tigerprints.clemson.edu/joe/vol42/iss4/5