Economic Development 101 - Part 1
Just a quick primer on economic development. Dr. Sanzone taught that there were four simple ways to build a strong economy through economic development.
- Create new enterprises
- Attract new enterprises
- Retain existing enterprises (stop from leaving, and prevent failure)
- Expand existing enterprises
CARE is the accronym. Like the legs on a chair, each leg gives the chair more stability, and each "leg" in the economic development program gives the community's economy more stability.
