how many are the important of economic development?
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Economic development is a process of targeted activities and programs that work to improve the economic wellbeing and quality of life of a community by building local wealth, diversifying the economy, creating and retaining jobs, and building the local tax base.
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There are six reason that important economic development are:
- Job creation
- Industry diversification
- Business retention and expansion
- Economy fortification
- Increased tax revenue
- Improved quality of life
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