3. Smart Indicators 3.1 Smart Economy Financial promotion
Financial promotion Local development agencies
Local Development Agencies are dependent on the municipalities and are dedicated to intermediation tasks and to promoting and supporting the economic development of their municipalities. Consequently, they are entities that provide a public service, the object of which is to promote economic and social development, promoting local resources, employment and entrepreneurship.
We must highlight the European region, where 100% of the cities that responded to the question have Local Development Agencies. Latin America follows, a region where 71% of the cities that responded to the question have local development agencies. In the case of Asia, the Taipei City also has an Agency. We must also highlight Africa, where none of the cities that responded to the question have a Local Development Agency. Below are some examples of Local Development Agencies in certain cities.
Of the 19 cities (3 in Africa, 7 in Latin America, 1 in Asia and 8 in Europe) that responded to this question, 74% has a local or regional development agency.
Does the city have a local economic development agency?
% of cities that have a local economic development agency by region
No 5 cities 26%
100% 100%
90%
100%
80% 70%
71 %
60% 50% 40%
Yes 14 cities 74%
30% 20% 10%
0%
0%
Africa
Latin America
Asia
Europe
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