Development of Community Infrastructure Based on the Local Resource-Based Approach
Journal: Herald of the Economic Sciences of Ukraine (Vol.44, No. 1)Publication Date: 2023-06-27
Authors : Omelyanenko O. M. Omelyanenko V. A.;
Page : 63-69
Keywords : local resource-based approach; communities; infrastructure; projects;
Abstract
Investing in the development and maintenance of local infrastructure is an important task for any community and state. In modern conditions, the search for resources for the development of the community's infrastructure is of particular relevance, in which the available potential and resources play an important role. LRB approaches optimize the use of local resources, including labor and technology, as well as locally available materials, tools and equipment from local suppliers, throughout the project cycle from planning to implementation and infrastructure maintenance. A community's infrastructure needs can be huge, and investment often falls short of those needs. To close the investment gap, governments at the national and local levels may decide to allocate more funds to community infrastructure development. Increasing the participation of local people in the planning phase also increases the distribution of public investment in the construction and maintenance of community infrastructure, opens up business opportunities for local entrepreneurs and creates jobs. The LRB approach creates more local employment opportunities, increases market prospects and stimulates the local economy. Additional resources to complement the work can be obtained through partnerships and support from local authorities. The ideas and approaches analyzed in the study show how innovative communities can be used in the development of the infrastructure of territories. They contribute to the creation of a sustainable, efficient and innovative infrastructure that meets the needs of the community. The use of innovative communities in the development of the infrastructure of territories can improve the quality and efficiency of infrastructure projects, stimulate innovation and ensure sustainable and sustainable use of resources. This requires a joint effort from government, business, the public and proactively. These measures can be supplemented by the development of investment programs, the stimulation of scientific research in the field of infrastructure, the holding of competitions and grants for innovative projects, as well as the formation of a network of exchange of experience and training programs for improving the qualifications of specialists.
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