What are the ways in which a business would contribute to the development of the local economy?

1- First and foremost is local jobs creation and all the benefits that come from that.

2- Decreases poverty and provide new opportunities to transfer knowledge to the local community.

3- Add to the diversity of products and services available locally and hence making the local community more attractive.

4- Successful business will contribute to local finances which would enable the government spend on infrastructure and well-being (schools, healthcare, roads, etc.)