This article surveys the contribution of Public-Private Partnerships (PPP) to the investment attraction of local government organizations. The analysis focuses primarily on the advantages of the institution, as an alternative, when seeking funds for projects primarily undertaken by investment programs for economic development. However, the significance of public-private partnerships is not limited to locating capital. The best possible combinations of capital and manpower are achieved. These aim at the most effective possible management of the basic pillars of economic development, with technical progress leading the way. In addition, by means of a review of the international literature concerning the impact of PPPs on economic development, the significance of the institution as a means of structural reform is highlighted.