Economic development is an increasingly complex endeavor. Communities are competing on a global scale and the rules of competition are constantly changing. Local economic development provides the cornerstone of social and business networks that propel the local economy. Because a vibrant economy cannot be taken for granted and we cannot assume that every citizen is fully aware of the efforts undertaken at the local level to maintain and promote growth and prosperity, it is vital to document both the effort required and the impact of the results.
ESI partnered with Pennsylvania Economic Development Association (PEDA) and Fourth Economy to complete a study that details the economic impact of Economic Development Corporations (EDCs) throughout the state. While a detailed report is currently under development, the detailed fact sheet provides a summary of our findings.