Local Economies: A Foundation of Our Communities
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Local economies are supported by the community. They lead to greater prosperity, economic wealth and an improved overall quality of life in the region. When strong local economies do not exist, the regional economy is unable to perform at optimal levels leading to economic wealth leaking outside the community. This class will focus on the three pillars of the local economy and their relationship with:
- intersections with industrial clusters
- how strong local economies use agglomerative benefits to support knowledge spill overs
- innovation and entrepreneurship
In the face of globalization and modernization, it is critical to understand the needs of the community, local economic components and how local economies work with regional economic networks. Local economies are a driving force of economic output in the United States. These agglomerations represent local markets in communities that are driven by multiple systems and capitals, which lead to the development of supportive industries, the resilience of the economy and innovation levels. Local economic development is one of the three waves of economic development and necessary in order to truly take advantage of economic impact of resources and industries in the region. In partnership with Olympia Downtown Association (ODA), the class will build on these themes and then provide fieldwork on a variety of projects within downtown Olympia. The class will meet periodically throughout the quarter based on the schedule of Olympia Downtown Alliance (ODA) and the need for students to meet to discuss the event at the end of the quarter. The meetings will take place at the discretion of the students with coordination with ODA. It is expected that the meetings will occur in the evenings and/or on weekends. Additionally students will work with each other to find times that are mutually convenient.
The learning objectives of the class include:
- The development of a solid foundation of local economies, their components and key concepts included in local economies
- Understanding different economic development perspectives and the intersection of local economies within these approaches
- How entrepreneurship influences local economies
- Community capacity and its impacts on local economic outcomes
- Community outreach and asset based community strategies
- Efforts that are supportive of local economies
- Multiple stakeholders who affect and are impacted by local economic development
- Social advocacy supporting the advancement of local economies
- Enhanced Online Learning - This offering requires access to web-based tools, but use of these tools does not displace any face-to-face instruction.
Scheduled for: Weekend
Located in: Olympia
June 30-July 1 & Aug 25, 9a-5p Sat/Sun