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How are Economic Development Districts Riding the Waves of Economic Development Strategies?

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  • Li Fang

Abstract

Previous studies have examined the local adoption of various development strategies primarily by surveying economic development practitioners, although the survey method suffers from subjectivity and recollection errors. To overcome these problems, I adopt a text mining method to canvass the comprehensive economic development strategies (CEDSs) across economic development districts (EDDs) in the United States. Twenty-eight main development strategies are identified, most of which belong to the “second wave,†while the “fourth-wave†strategies—oriented toward social equity and sustainability—are popular enough to justify separation from the “third wave.†Moreover, EDDs combine various waves of strategies to form their strategy portfolios. Two main types of portfolios have been identified—one is dominated by the second-wave strategies, while the other is more balanced across four waves and places a focus on both second- and fourth-wave strategies.

Suggested Citation

  • Li Fang, 2022. "How are Economic Development Districts Riding the Waves of Economic Development Strategies?," Economic Development Quarterly, , vol. 36(4), pages 371-384, November.
    • Handle: RePEc:sae:ecdequ:v:36:y:2022:i:4:p:371-384
    DOI: 10.1177/08912424221126918
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    References listed on IDEAS

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    1. Laura A. Reese, 2006. "Do We Really Need Another Typology? Clusters of Local Economic Development Strategies," Economic Development Quarterly, , vol. 20(4), pages 368-376, November.
    2. Jonathan Q. Morgan & Michele M. Hoyman & Jamie R. McCall, 2019. "Everything but the Kitchen Sink? Factors Associated With Local Economic Development Strategy Use," Economic Development Quarterly, , vol. 33(4), pages 267-278, November.
    3. Hatcher, William & Oyer, Matt & Gallardo, Roberto, 2011. "The Creative Class and Economic Development as Practiced in the Rural U.S. South: An Exploratory Survey of Economic Development Professionals," The Review of Regional Studies, Southern Regional Science Association, vol. 41(2,3), pages 139-159, Fall, Win.
    4. Xue Zhang & Mildred E. Warner, 2017. "Business retention and expansion and business clusters – A comprehensive approach to community development," Community Development, Taylor & Francis Journals, vol. 48(2), pages 170-186, March.
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    1. Steven Deller, 2025. "Are We at an Inflection Point in Community Economic Development? The 4th Wave," Economic Development Quarterly, , vol. 39(4), pages 215-231, November.

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