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Article: Economic development is just one part of The Big Picture. (Opinions).(new ways of thinking about community)
- Article from:
- Bellingham Business Journal
- Article date:
- May 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Wenatchee Business Journal, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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What is Economic Development? What is Community Development, and what is the role of Economic Development in that process?
The term "Economic Development" lacks a clear and widely shared definition. It would be a safe bet that almost anyone you might ask would give a different definition. To some, the objective of Economic Development is to achieve:
* More jobs
* Higher per-capita income
* Expanded tax base
* Increased government revenues to pay for services
* Good business climate