Economic Development

The current structure of Federal and State funding for local (regional) economic development initiatives requires municipalities and organizations to work within the framework of Federal, State, and Local policies and mandates. Much of this funding comes in the form of grants and loans. To be eligible for this funding, local agencies and organizations must meet the specific requirements tied to this funding.

Economic development policy at the local level focuses on infrastructure and attracting new business through incentives and subsidies. New economic development approaches emphasize investment in the social infrastructure and focuses on job creation, business and workforce development, as well as tax base enhancements.