Businesses may get involved in CED via different means. Businesses can expand and create jobs for expertise available locally or work with colleges to train local residence for the gap in the needed expertise. Businesses may also help the local capital savings by participating in local Credit Unions. As businesses choose the local credit union as their banks, they help the financial institutions that focuse on local economy. Supporting the exchange of work and services within the community is another way that businesses can help the local economy. Material, products and services may be purchased from other local businesses if available, hence supporting the local economy. Businesses can help diversify the local economy by initiating new businesses that are not available in t

The economical shift will eventually take place because another economic unit will provide the product or service with better efficiency and lower costs and hence will attract the market. Finally, the local economy will be in deeper trouble since the resources have already been spent in sustaining an unsustainable business.

There are several obstacles that need to be dealt with in the CED process, however the most important obstacle to be dealt with is the fundamental behavior of the Economy. Economy is a living organism and, by its own nature, moves and shifts toward where it is most profitable. A change in business environment may cause a shift in economy and provide competitive advantage for another area. Hence, any steps taken against the natural behavior of economy may only slowdown its movement. For example, a local business that is on the verge of collapse has not been able

Some topics in this essay:
Economy Economy, Credit Unions, Development CED, local economy, , competitive advantage, local business, products services, businesses help, community economic development, businesses help local, help local, artificial advantage, advantage hence, businesses available, local credit,