Economic Development Recovery and Resiliency Playbook - Flipbook - Page 12
The program’s key objectives are to:
• Improve communication of disaster hazard science and engineering for use in decision-making processes;
• Help understand and inform actions to reduce disaster risks; and
• Build community capacity to respond to and recover from disasters.
It’s important to include resiliency planning as part of technical and financial assistance provided through traditional economic
development eforts.
Economic Development Overview
To understand economic development’s role in recovery and resiliency, it is important to be clear about why jurisdictions invest
in economic development and what economic developers — whether they are public sector employees or working in the private
sector — do when economic disruptions occur. The economic developer’s role is not only to inform leaders on policies and
practices that deliver positive economic development outcomes for the entire community (places and populations), but also
to implement those policies and programs and act as government’s direct liaison with the businesses in their jurisdictions. In
general terms, economic developers help businesses and their work benefits the community as follows. Fostering a range of
business types that diversify the local tax base is an example of how economic developers keep a local economy strong and
celebrate its unique community fabric.4
Figure 1.3. Why Communities Invest in Economic Development
parks
resources
infrastructure
taxes
public safety
employees
overcoming
barriers
housing funds
ECONOMIC
DEVELOPERS
strategic
mindset
SUCCESSFUL
BUSINESSES
social
fabric
COMMUNITY
quality of life
public employees
Fostering a range of business types that diversify the local tax base, keep our local economy strong, and celebrate our unique community fabric.
Source: https://caled.org/why-communities-invest-in-economic-development
1. Economic developers work to strengthen and diversify the economy by:
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•
•
•
•
•
4
4
Connecting businesses and investors with resources and capital;
Helping businesses with problem-solving;
Marketing the community as a great place to invest and do business;
Navigating the local government system – whether that is resources, permitting, or regulations;
Focusing on community and economic revitalization;
Conducting site assembly and development activities;
https://caled.org/why-communities-invest-in-economic-development
CALED | Economic Development Recovery and Resiliency Playbook
