Local Economic Development Strategies to Accelerate Sustainable Economic Growth

Abstract

Economic development efforts, especially in the region, aim to increase regional communities' number and type of employment opportunities. Both of which are not passive and merely support the overall economic development process even must be placed in the actual position as a critical, dynamic, and decisive element in the overall development strategy. This regional development strategy that relies on local resources is known as the concept of local economic development. This agribusiness/agroindustry-based local economic development strategy was developed in a sample of nuances of agricultural areas. That has potential in the planning of agrotourism areas in Jember Regency, East Java. This research is an advanced study that aims to analyze internal and external factors affecting local economic development and find suitable strategic alternatives to implement. This research was also conducted to develop theoretical models of regional economic development. The findings of this study show alternative strategies for local economic development to create resilient and sustainable economic growth.