How Government Works Economic Development 101 Economic development is a vital activity for any community. Economic development programs vary based on the needs of a community. There are several benefits of a successful economic development program. This could mean additional police officers to help ensure public safety, additional parks and recreation areas, etc. 2. A community that has not diversified its industry base can find itself in trouble if its single, major industry downsizes or suddenly leaves the community.
Economic developers wear many different hats.
They provide information and assistance to companies who create new jobs. Business assistance programs 2. Market the community to targeted business industries Like any company, if a consumer isn't familiar with your product, they won't buy it. Cold calling Site selection conferences Public relations 3. Work with elected officials and community partners to ensure that a positive business environment exists in the community.