Economic Development Plan

An economic development plan should:

• Outline the economic vision, mission, and goals of a community

• Outline the economic strategies and specific actions that will be taken

• Align with the plans that the city has in the works

• Help residents, businesses, and local governments understand the economic priorities for a community.

Effective economic development plans help communities respond to economic challenges and seize opportunities. They support collaboration and co-ordination between neighboring communities.

Economic development planning starts with a look at your community to answer the following questions:

• Where are we now?

• Where do we want to be?

• Why aren't we there now?

• What needs to be done to get us there?

• Who is going to get us there?

• When is it going to be done?

• How will we know when we get there?