Economic development is an increasingly complex endeavor. Communities are competing on a global scale and the rules of competition are constantly changing. Local economic development provides the cornerstone for social and business networks that propel the local economy. Because a vibrant economy cannot be taken for granted and we cannot assume that every citizen is fully aware of the efforts undertaken at the local level to maintain and promote growth and prosperity, it is vital to document both the effort required and the impact that results. Having partnered with Fourth Economy and Econsult Solutions, Inc. to complete a study, the impact is laid out in the below document.
Read about the impact of EDCs on the Commonwealth's Economy!