Course glossary


During lectures you will learn new words. Using this link you are welcome to add them to our "course glossary", so that other students will be able to see them and learn. Let's make our own useful glossary and help each other to learn new words! By the way, there are already some worlds which should be familiar for you till the end of the course, try to cover them when you mill have free time.


Browse the glossary using this index

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Second Wave

strategic paradigm of economic development that focuses on retaining firms already in the community and on creating new businesses.


Secondary Financing

a loan secured by a second mortgage on a property, sometimes used to refer to any financing techniques other than equity and first-mortgage debt.


Seed Capital

equity money supplied to help a company get off the ground. The money is almost always supplied by an entrepreneur and his/her family, friends, and relatives. Used to help attract (leverage) other investment.


Smart Growth

the efficient use of all available assets. According to the American Planning Association, smart growth involves efficient land use; full use of urban services; mixed use; mass transportation options; and detailed, human-scaled design.


Social Capital

in economic development, linkages between and among business development service providers and the companies they assist; these linkages are both internal, within a given-service provider organization, and external, between an organization (and its clients) and external service providers and businesses.


Special Assessment Funds

costs of a project that benefit a specific group of properties may be assessed to those individuals and accounted for in the special assessment fund.


Start-Up

company in the first stage of the evolution of a business.


Start-Up Capital

funds that help nascent enterprises acquire space, equipment, supplies, and other inputs needed to launch a business.


Supply-Side Theory of Development

explanation of economic development that focuses on reducing costs of production to lure capital to a new location; typical strategies include tax abatements, reductions, and exemptions; guaranteed and direct loans; and reduced regulation.


Sustainable Development

development that does not destroy or eventually deplete a location’s natural resources. Sustainable development helps ensure a better, healthier living environment and contributes to an area’s quality of life, one of the main goals of economic development.



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