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Economic Development Basics

Economic Development is the intentional practice of improving a community's economic well-being and quality of life! It includes a broad-range of activities to attract, create, and retain jobs, and to foster a resilient, progrowth tax base and an inclusive economy.

"Economic developers work to bring prosperity to their communities. Everyday, they engage with stakeholders - businesses, community organizations and elected officials - to develop and execute plans for robust, resilient and inclusive economies." - Craig J. Richard, CEcD, FM, 2018 Chair of IEDC Board of Directors

Economic development comprises of a collaborative effort involving industry, government, and myriad community stakeholders.

Source: International Economic Development Council

Who and How Economic Development Programs Help

Source: International Economic Development Council

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