Regional Development
Approaches to economic development generally differ according to whether the economic systems under consideration are confined territorially or by sector or whether the approaches are applied in combination (e.g., cluster support). Regional development can mean a state, a province, a municipality, or a city, focusing on a sustainable increase in competitiveness and the creation of jobs and income. Doing this requires the establishment of a friendlier business and investment climate, regional marketing, investment promotion, the improvement of services for existing businesses, support for business start-ups and cooperation between government and industries in the field of innovation and technology.