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.