Economic Development Agencies Forms for San Diego
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FAQ
San Diego's economy is primarily made up of three major sectors defense, including the largest concentration of military in the world; tourism, built upon our region's geography and rich culture; and innovation, stemming from our region's intellectual capital and talented workforce.
At its most basic level, an economic development organization (EDO) is an entity that works to enhance the prosperity of the communities it serves. This work is different for each community, and can include attracting new companies, helping existing companies grow or assisting entrepreneurs with their businesses.
Economic Development is the creation of wealth from which community benefits are realized. It is more than a jobs program, it's an investment in growing your economy and enhancing the prosperity and quality of life for all residents.
A longer average life expectancy, for example, is one of the results of economic development. Improved productivity, higher literacy rates, and better public education, are also consequences. Put simply; economic development is all about improving living standards.
Economic Development is measured by a sustained increase in prosperity and quality of life through innovation, lowered transaction costs, and the utilization of capabilities towards the responsible production and diffusion of goods and services.
There are 9,922 economic development organizations in the United States.