Dunkin Donuts: The Four Categories Of Economic Development
Describe the case:
Economic development is defined as “the concerted efforts of government, business, and communities to promote economic growth, but also the overall economic and social well-being of people in a specific area.” (Chapter 8 Lecture). As stated on the Study website, Aaron Hill-the instructor, there are three categories for economic development. Those three categories are: “Government working on big economic objective; such as creating jobs. Programs that provide infrastructure and services; such as libraries and public swimming pools. Job creation and business retention; such as helping entrepreneurs get financing or networking with small businesses.” Rainbow Donuts, a mom and pop donut shop, is facing a crisis when the City Manager, Chris Freeland, announced …show more content…
The City Manager, Chris Freeland, states that, “this solely a decision between Dunkin’ Donuts and the property owners.” In this case, the government were the bystanders. The government did not get involved with the contract between businesses. Chris Freeland told the Los Angeles Times reporter, Steve Lopez, that the city only wants to promote the available space for other businesses and did not intent to have Dunkin’ Donuts in the same shopping center as the Rainbow Donuts. However, Steve Herfert, a former mayor and also a Rainbow regular, does not buy the statement that Freeland told the reporter. Herfert pointed out that in the email that Freeland sent to the mayor and council, Freeland stated, “thanks for assisting Dunkin Donuts with finding a location in West Covina--South Hills plaza was one of the sites we have been marketing.” The facts that Freeland told the reporter that the city just wants to promote the available space, but behind the scenes they promoted the South Hills center as the available
Economic development is defined as “the concerted efforts of government, business, and communities to promote economic growth, but also the overall economic and social well-being of people in a specific area.” (Chapter 8 Lecture). As stated on the Study website, Aaron Hill-the instructor, there are three categories for economic development. Those three categories are: “Government working on big economic objective; such as creating jobs. Programs that provide infrastructure and services; such as libraries and public swimming pools. Job creation and business retention; such as helping entrepreneurs get financing or networking with small businesses.” Rainbow Donuts, a mom and pop donut shop, is facing a crisis when the City Manager, Chris Freeland, announced …show more content…
The City Manager, Chris Freeland, states that, “this solely a decision between Dunkin’ Donuts and the property owners.” In this case, the government were the bystanders. The government did not get involved with the contract between businesses. Chris Freeland told the Los Angeles Times reporter, Steve Lopez, that the city only wants to promote the available space for other businesses and did not intent to have Dunkin’ Donuts in the same shopping center as the Rainbow Donuts. However, Steve Herfert, a former mayor and also a Rainbow regular, does not buy the statement that Freeland told the reporter. Herfert pointed out that in the email that Freeland sent to the mayor and council, Freeland stated, “thanks for assisting Dunkin Donuts with finding a location in West Covina--South Hills plaza was one of the sites we have been marketing.” The facts that Freeland told the reporter that the city just wants to promote the available space, but behind the scenes they promoted the South Hills center as the available