Permalink : http://hdl.handle.net/2115/81803

KEYWORDS : Hybrid organization;community-based corporation;integration of policy-making and business outcomes;Creation of Regional Economic System

The purpose of this study is to demonstrate the ability of a community-based corporation - a hybrid organization with characteristics of both non-profit organizations and for-profit corporations - to integrate policy making and business impacts, and to identify an approach to incorporating market development methods into industrial policy. Municipalities learn an approach to integrate business outcomes into the policymaking process by partnering with community-based corporations. The three elements of this approach are: first, three stages of policy making; second, regional demand-driven market development; and third, the return of business monetization to regional resources and social value creation.