Michigan State University Extension educators seek to define the true meaning of economic development.
These educators and researchers, who specialize in placemaking, can be implicated to conduct an inquiry study to examine what the local assets and capabilities are in a regional setting. Although regional focus is imperative, it is critical that each individual community establish an all-inclusive perception for their community that is regional strength-based for the order of their community’s economic development.
Monika Mitchell, founder of Good Business New York, asks,Â Do You Have What it Takes to Be a Social Entrepreneur? She lists down the five Pâ€™s essential in every entrepreneur:Â Passion. Purpose. Plan. Partner. Profit.Â