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Regional Economic Development

Programs that provide technical assistance, venture capital, loans, loan guarantees or other forms of management support to encourage the establishment and growth of business and industry in a particular region. A "region" in this context is a geographic area, typically comprising multiple communities and jurisdictions but sharing a common identity, a localized labour and trade market, and transportation and distribution networks.

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The above terms and definitions are part of the Taxonomy of Human Services, used here by permission of INFO LINE of Los Angeles.