The Hexagon of Local Economic Development
The Hexagon is a framework to organise LED training events. It organises the key issues in territorial development around six triangles. Moreover, it is the basis of a number of formats for quick workshops to clarify local stakeholders' perspective at LED.
The Hexagon is the sum of six triangles:
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The target group of LED: Local firms, start-ups, and external investors
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Locational factors: Tangible factors, intangible factors relevant for firms and for individuals
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Synergy: The relationship between economic development, urban / spatial planning and social development
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Sustainability: Combining economic, ecological and social development
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Governance: The relationship between the public sector, the private sector, and local communities
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Process: LED as an iterative process of analysis, action and adjustment