Entrepreneurship and Community Economic Development

One of the goals of regional policies is to foster entrepreneurship and innovation in the nation's smaller and more remote communities. Policymakers are becoming increasingly interested in the Community Economic Development approach as a way of achieving this aim. In Entrepreneurship and Community Economic Development Monica Diochon examines the development processes adopted by two rural, single-industry Canadian communities confronting the collapse of their economic bases. She argues that a community's effectiveness in influencing economic development depends on the extent to which entrepreneurship is encouraged and shows that, while a number of factors influence enterprise, economic activities that are community-determined and provide varied opportunities to participate in achieving short-term self-sustaining strategic outcomes are particularly important.