Economic Development Plans can be used to expand opportunity for commerce and industry and provide more jobs or job opportunities in the community. Economic development is about retaining existing businesses, starting new businesses in your community, and encouraging businesses to relocate to your community. Typically, planning commissions and the media focus only on the businesses moving to the community and ignore the other two opportunities. A company just starting up or an existing company adding jobs may actually be more valuable than a business relocating to your community. New and expanding businesses may actually provide more, and often better jobs, than relocations do. Economic development plans also address ways to reduce costs of living within the community.

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