What is Economic Development?

The goal of economic development is to increase the tax base and provide better jobs, thus enhancing the well-being and prosperity of the citizens of Wyoming. In order to reach this goal, the time and resources allocated to economic development programs typically fall under five categories: developing supportive public policy, creating a competitive product (community infrastructure, sites, buildings, business climate, workforce development, and leadership development), the retention and expansion of existing businesses, entrepreneurship support, and recruiting new business.

To learn what it takes to create successful opportunities in economic development, we suggest you start with the following on the WEDA website:

  1. Economic Development Building Blocks PowerPoint Presentation (8.1MB PowerPoint file)
  2. WEDA Newsletters and Success Stories
  3. WEDA Membership
  4. Economic Development Library
  5. Principles