industrial development

Definition

noun
the planning and building of new industries in special areas

Use this term in a sentence

You should always make sure that you are putting your industrial development in the right place before you start on it.

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They decided to take that land for industrial development. They had some contracts already in place with a solar panel developer.

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Casey, Illinois, the city that I live in, is in desperate need of industrial development as we have lost two factories in recent years and have not planned any usage for the empty factories.

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industrial development revenue bonds (IDRBs) least developed country