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Economic Developement
(Listed in alphabetical order)



ATTRACTING DYNO INDUSTRIES TO NEWFOUNDLAND

The experience of Dyno Industries in Salangen provides evidence of the potential and constraints of methods used to generate economic development in peripheral regions. By enabling students to view the issues involved from the perspective of a regional development agency, the case allows the pros and cons of this development approach to be analyzed. Because it also provides information on how individual firms interrelate in a region, it also encourages for discussion of firm strategies in remote areas. Finally, because the core of the case is based in a region outside Canada, students can relate the factors involved to their own region gaining an appreciation of comparative business studies.

Intended courses: Small Business and Regional Development, Business and Government, Regional Development Policy, Business Strategy, New Venture Creation

AWAKENING ENTREPRENEURIAL SPIRIT IN THE HUMBER VALLEY

The town of Pasadena, on the west coast of Newfoundland, was successful in attracting federal government funding for a number of entrepreneurial awareness projects in the second half of the 1980's. This funding required independent evaluations of the projects. While generally favorable, the evaluations expressed some concerns about the ability of the local initiatives to enhance entrepreneurship. In the spring of 1991, the Pasadena Economic Development Committee had to decide whether to continue these efforts. Complicating the committee's decision was the fact that Bill Pardy, Pasadena's Economic Development Officer and the driving force behind the projects, had left the community to work for a federal economic development agency in Halifax. Could the momentum established under his leadership be maintained without him? Perhaps even more fundamental, was it possible - with or without Party - for a small town to influence the entrepreneurial spirit in its region?

Intended courses: Small Business and Regional Development, Entrepreneurship, Regional Development Policy, Community Development

THE BUSINESS INITIATIVES GROUP: PEAT TO PEAT PROJECT EVALUATION

In late June 1993, members of the Economic Recovery Commission's Business Initiatives Group, prepared for a meeting with the Premier of Newfoundland, concerning the future of the Stanton Group peat-to-energy cogeneration project. This American energy project development firm had proposed to build a 40-megawatt electricity generating facility in the town of Stephenville, near Newfoundland's west coast.

After nearly eighteen months work by the Stanton Group, and a comprehensive cost-benefit analysis prepared by the provincial Department of Mines and Energy, the time had arrived to decide whether or not the project would proceed. While the ultimate decision regarding the project's future was the responsibility of the Premier and the Cabinet, recommendation from the Commission, through the Business Initiatives Group, had great influence. The Group would have to determine if the project represented a positive economic development strategy.

Intended courses: Small Business and Regional Economic Development, Entrepreneurship, Entrepreneurial Decision Making

THE PASADENA VENTURE CENTRE

The decision facing the Pasadena Economic Development Committee requires an assessment of the strengths and weaknesses of the Venture Centre and the ability of the local committee to maximize its role in small business development. The case has been used in undergraduate and graduate courses in "Small Enterprise and Regional Development", and has been used in seminars for economic development practitioners.

Intended courses: Small Business and Regional Development, Community and Regional Development, Business and Government, Economic Development

STEELCOR INDUSTRIES

The Steelcor Industries case demonstrates that opportunities exist for small businesses in remote regions, if appropriate strategies are pursued and sufficient organizational resources are available. These resources are dependent on the supporting community infrastructure, as well as on the strengths of the individual firm. The nature of global economic - and political - restructuring, also reveals the vulnerability of small firms in international subcontracting. As underdeveloped regions looked increasingly to small firm creation and expansion for economic development in the 1990's, this also revealed the vulnerability of such regions in the new environment.

Intended courses: Small Business and Regional Development, Community and Regional Development, Business Strategy, Business and Government, Economic Development
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