Economic Development is programs, policies or activities that seek to improve the economic well-being and quality of life for a community.
What “economic development” means to you will depend on the community you live in. Each community has its own opportunities, challenges, and priorities. Your economic development planning must include the people who live and work in the community.
On this page learn:
Though economic development priorities vary, economic development strategies often aim for common, positive results, such as:
Just like economic development is different for communities, so are the economic development practitioners that support them. Generally, an economic development practitioner:
Many people doing economic development work are economic development practitioners or Economic Development Officers or “EDOs” for short. Some people don’t hold the official title in their job, but are doing economic development work all the time.
Lots of different groups can work in economic development, including:
Their role in a community can include:
Economic development organizations deliver programs, policies, and activities to improve the economic well-being of their communities.
There are many organizations, regional trusts and Crown corporations dedicated to the economic development of B.C.
Economic development work needs a strong community foundation. Three principals for your economic development activities to succeed are:
It is important to have the support of your community for everything from project plans and budgets, to marketing and promotion – your community members are very important.
Strong partnerships are essential to the success of your economic development activities. Partnerships will help to leverage resources, build capacity and encourage collaboration.
Start with an economic development plan and get feedback and approval. Once community support and partnerships are in place you are ready to get started.
We know communities aren’t one-size-fits-all. Our aim is for these economic development resources to support your community’s goals, whether you’re urban or rural, large or small, Indigenous or non-Indigenous.
Have feedback on this page of information and resources, or our economic development tools? Connect with us at email@example.com
The StrongerBC Economic Plan lays out a long-term plan to grow B.C.’s economy by tackling today’s challenges. Read B.C.’s Economic Plan or download an overview of the metrics that will measure B.C.’s economic progress (PDF, 3.17 MB).
Regional Economic Operations (REO) staff are located in every region of the province. They assist communities in planning and implementing economic development priorities.