These developments each, in turn, have the potential for stimulating further improvements in both similar and dissimilar enterprises. With office and commercial diversification comes housing, comes supermarkets, comes hospitals and service organizations, comes schools, libraries, parks, and recreation. Thus economic development must be considered in both very specific and very broad strokes, and requires the highest possible cooperation between developers, government, and citizens. Analyzing the axiom confirms its truth. Developers take initial risks, visioning what does not exist, researching project potential, and deciding whether to proceed or withdraw.
Governments follow the lead of developers.
Rarely does a governmental agency choose to speculatively improve property. However they will facilitate, yet control, the efforts of others to exploit opportunities. Voters support continued development by electing officials, by approving bond issues for a multitude of uses, and occasionally by refusing to go along with what developers and government think is right. Despite all, nature is supreme. In summary, the generic term economic development encompasses many facets, involves many parties, and affects nearly everyone.