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 of 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.
PEDA has partnered with Fourth Economy and Econsult Solutions, Inc. to complete a study that details the economic impact of Economic Development Corporations (EDCs) throughout the state. Though a complete report is currently under development, a detailed fact sheet, available at the following link, provides a summary we encourage you to review and to share with your legislators and other community stakeholders.
View the results of the EDC Impact Study.PEDA_Impact