Economic development in urban policy local economic development led challenges and solutions local economic development led challenges and local economic development challenges south africas current development policy is focussed on urban development in tanzania an updated review may 2002 this report provides an overview of . Economic development incentives and practices have grown in importance as cities have tried aggressively to rebuild their economies the different types of incentives provided on the local level range from low cost loans for small business entrepreneurs to the use of property tax abatements to lure large plants to a community. The international economic development council iedc is a non profit membership organization serving economic developers with more than 5000 members iedc is the largest organization of its kind economic developers promote economic well being and quality of life for their communities by creating retaining and expanding jobs that facilitate growth enhance wealth and provide a stable tax . Three main challenges prevent a comprehensive approach to urban development at the national regional and local levels first urban policy has not been assigned a specific set of priorities on the national level in contrast to regional and rural policy
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