Public-Private partnerships acting as a strong voice for the interests of local businesses, while also possessing immediate access to the highest levels of local government. These organizations have greater flexibility than the public sector to conduct economic development activities since they do not have to answer to such a broad constituency. The need for a broad range of skills, information and finance in many economic development projects has led to the creation of many public-private partnerships. The form of most public-private partnerships is very similar however the aims of many partnerships vary. Small public-private partnerships are being created to focus on smaller geographic areas for better access to funding programs, reaching out to public and private stakeholders in the community, and recruiting community volunteers.
Universities create partnerships targeting economic development in their communities.
CUED Best Practice Cases In Public-Private Partnerships Rising From Ruins, Seeds From a Dying Rubber Plant , Akron, Ohio. Gown Planning Partnerships , Seeking Solutions for the Mutual Survival of Campus and Community, National Trends. Public-Private Partnerships , Roles in Economic Development of 25 Metropolitan Institutions. Reclaiming the Naval Training Center, Exploring the Possibilities , San Diego.