While economic development may mean different things to different people, the one common understanding is that economic development is the creation of wealth from which community benefits are realized. It is not merely a jobs program; instead, it is an investment in growing a jurisdictions local economy and enhancing the prosperity and quality of life for all residents – both qualitative as well as quantitative.
Economic development and a commitment for strategic growth is paramount to ensure the continued creation of quality housing, sustaining jobs, improved quality of life, all of which collectively amounts to having and securing a thriving and successful economy and community. Increased local revenues deliver amenities, public facilities, and services critical to quality of life for its citizens. A jurisdiction and its citizens benefit from purposeful and thoughtful economic development; conversely, the lack of economic development results in a lack of growth, a lack of jobs, a lack of investment, and overall diminishing quality of life for residents. There is no doubt that more investment in the community creates benefits for both the private and public sectors. Economic development must be a concerted effort on the part of any jurisdiction in order to influence the direction of private sector investment toward opportunities that can lead to sustained economic growth. Sustained economic growth can provide sufficient incomes for the local labor force, profitable business opportunities for employers, and tax revenues for maintaining an infrastructure to support continued growth. There is no alternative to private sector investment as the engine for economic growth.
Consequently, our Land Use and Zoning attorneys seek to help businesses, builders, developers and property owners to achieve their goals, and the jurisdictional goals, of providing high quality – meaningful economic development in the jurisdictions that we serve.