Economic Development Corporation

An Economic Development Corporation (EDC) is a nonprofit organization that aims to promote economic growth within a specific region or community. It does so by attracting new businesses, supporting existing ones, creating jobs, and encouraging investment. EDCs often work with government agencies, local businesses, and community groups to develop strategic plans, provide resources, and facilitate initiatives that enhance economic stability and prosperity. Their goal is to improve the area's overall economic health, making it a better place to live and work while fostering sustainable growth.