Leaders in cities and metro areas have an opportunity to remake economic development—to adopt a broader vision of economic development that can deliver continuous growth, prosperity, and inclusion in cities and metro areas. While some creative and committed leaders and organizations are embracing this version of economic development, it needs to be further scaled up.
This requires understanding the purpose of economic development and getting both the markets and civics right. (from the Abstract)
Remaking Economic Development .. a report from Brookings, via Smart Growth America.