Frequently Asked Questions

A set of programs and policies that aid in the creation, retention and expansion of jobs, the development of a stable tax base, and the enhancement of wealth. Economic development aims to influence the growth and restructuring of a community’s economy to enhance its well being. This is achieved through job creation and retention, wealth creation for individuals and businesses, tax base enhancements, and improvement in quality of life. While the private sector ultimately creates the jobs, the role of economic development organizations – through the core activities of business recruitment, retention and expansion, and business creation and entrepreneurship – is to create the conditions that better enable businesses to compete and thrive.