Local community development Sample Clauses
The Local Community Development clause outlines the obligations and commitments of parties to support and enhance the well-being of communities in the area affected by a project or agreement. Typically, this clause requires the party undertaking the project to invest in local infrastructure, education, employment opportunities, or social programs that benefit residents. By formalizing these responsibilities, the clause ensures that the project delivers tangible social and economic benefits to the local population, addressing potential concerns about negative impacts and fostering positive community relations.
Local community development. 1. The Parties agree to cooperate in promoting sustainable local community development, by way of integrated actions boosting initiatives of the various local economic development champions and fostering the absorption of existing resources at local community level.
2. Cooperation could support actions such as:
(a) local initiatives in accordance with the respective territorial strategic plan;
(b) the strengthening of economic management capacities of local productive entities and service providers.
Local community development. Example 1
Local community development. Comments noted that this article should provide greater detail and must be consistent with the referenced annexes. Other comments noted that this article should be less prescriptive and less detailed.