The power of regional collaboration: Driving economic development in North County
The San Diego North Economic Development Council plays a critical role to help North County thrive through many initiatives and programs
As senior staff at an economic development organization (EDO), it isn’t uncommon for people I meet to smile when I tell them what I do for a living and ask, “So what exactly do you do?” I thought this guest article would be a great opportunity to tell readers more about economic development and the role it plays in improving North County.
What is economic development?
Economic development (ED) consists of a set of intentional actions designed to help strengthen an entire region’s economy. Some examples of ED include, but aren’t limited to:
Targeted investment in infrastructure improvements that increase economic activity.
(Think: enhanced wireless network infrastructure, improved highways and public transportation to cut commute times, or renewable energy projects and sewer improvements to support growing businesses.)
Attracting new businesses in the private sector to invest in the region.
(Think: businesses relocating to the area and creating new jobs, contractors building new housing to reduce the jobs-to-housing ratio, or developers creating community benefits alongside their projects to increase the quality of life for residents.)
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