This toolkit was shared with ELGL by our friends at Fourth Economy.
Economic Development describes the process of growing an economy by using policies and programs to create and retain jobs, increase wealth, strengthen the tax base, and improve the economic well-being of a community. Traditionally, measures of economic well-being have focused on fiscal health. Equitable economic development is achieved when the policies and programs used to spur growth are specifically designed to ensure that traditionally underserved communities and individuals share in the benefits of growth. The end goal is for individuals to be both benefactors and beneficiaries of community and economic development initiatives.