The Local and Regional Economic Development Handbook, launched on 27 April, contains a wealth of practical case studies and examples that span the globe.
The Handbook highlights Finland as a leader in managed industrial transitions, innovation-led development, and social policies. Case study highlights include:
๐๐ด๐ด๐ฆ๐ฏ๐ต๐ช๐ข๐ญ ๐๐ค๐ฐ๐ฏ๐ฐ๐ฎ๐ช๐ค๐ด (๐๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฆ)
๐๐ถ๐ณ๐ฒ ๐ฎ๐ณ๐๐ฒ๐ฟ ๐ก๐ผ๐ธ๐ถ๐ฎ (๐๐ฒ๐น๐๐ถ๐ป๐ธ๐ถ ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐): dual strategy that Influenced the “supply side” by reskilling tech talent and the “demand side” by funding startup incubators like Aalto Universityโs Startup Sauna.
๐๐ฏ๐ต๐ฆ๐ณ๐ฑ๐ณ๐ช๐ด๐ฆ ๐ข๐ฏ๐ฅ ๐๐ฏ๐ต๐ณ๐ฆ๐ฑ๐ณ๐ฆ๐ฏ๐ฆ๐ถ๐ณ๐ด๐ฉ๐ช๐ฑ (๐๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฃ๐ข)
๐๐ถ๐ป๐น๐ฎ๐ป๐ฑโ๐ ๐ฆ๐๐ฎ๐ฟ๐-๐๐ฝ ๐๐ฟ๐ฎ๐ป๐: provides unemployed individuals with a living allowance during the vulnerable early months of launching a new business venture, highlighting how social welfare policies can be repurposed into active labour market investments that promote entrepreneurship.
๐๐ฏ๐ฏ๐ฐ๐ท๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐๐ค๐ฐ๐ฏ๐ฐ๐ฎ๐ช๐ค ๐๐ต๐ณ๐ข๐ต๐ฆ๐จ๐บ (๐๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฃ๐ค)
๐๐ถ๐ป๐น๐ฎ๐ป๐ฑโ๐ ๐๐ถ๐ผ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐ ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐: aims to transform Finland into a leader in sustainable bioeconomy by leveraging its extensive forests to create new high-value products and services. Illustrates how innovation-led strategies can drive rural development and transition traditional sectors towards the green economy.
๐ก๐ผ๐ธ๐ถ๐ฎ ๐๐ฟ๐ถ๐ฑ๐ด๐ฒ ๐ฃ๐ฟ๐ผ๐ด๐ฟ๐ฎ๐บ๐บ๐ฒ: when Nokia’s mobile business declined, this corporate-led initiative, supported by the state, helped former employees start hundreds of new high-tech companies. Proactive crisis response and the transformation of potentially catastrophic industrial decline into a catalyst for renewed entrepreneurship.
๐๐ฐ๐ท๐ฆ๐ณ๐ต๐บ ๐ข๐ฏ๐ฅ ๐๐ฏ๐ฆ๐ฒ๐ถ๐ข๐ญ๐ช๐ต๐บ (๐๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฃ๐ง)
๐๐ผ๐๐๐ถ๐ป๐ด ๐๐ถ๐ฟ๐๐ (๐๐ฒ๐น๐๐ถ๐ป๐ธ๐ถ): provides permanent housing to homeless individuals immediately without preconditions, accompanied by intensive person-centred support – an approach that virtually eradicating rough sleeping.
๐๐ฐ๐ธ ๐๐ข๐ณ๐ฃ๐ฐ๐ฏ, ๐๐ญ๐ช๐ฎ๐ข๐ต๐ฆ ๐๐ฉ๐ข๐ฏ๐จ๐ฆ, ๐ข๐ฏ๐ฅ ๐๐ถ๐ด๐ต๐ข๐ช๐ฏ๐ข๐ฃ๐ช๐ญ๐ช๐ต๐บ (๐๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฃ๐ฉ)
๐๐๐ข๐ฏ, ๐ก๐ผ๐ธ๐ถ๐ฎ: 150-hectare industrial bio- and circular economy business park where 28 organisations collaborate on sharing by-products and resource sharing. A practical example of a circular economy industrial park.
The book (available from Amazon via www.lredhandbook.com) includes case studies and observations from across the globe.
I recently discussed the Handbook with Dane Carlson at the EconDevShow here – https://lnkd.in/ezJPWaaf
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The Blank Looks
No, not the name of an indie pop band from the 1980s (although it's a kinda cool name, eh?!). Its the response I usually get when I ask a local authority "Do you have a list of your most important employers - and a system of account management for them?" The blank...
