05/06/2026
Across the country, more than 11,000 Economic Development Organizations (EDOs) are working to support growth at the local level.
That local focus is what makes economic development effective. Tailored to the needs, strengths, and opportunities of each community. It is also recognition that the cost of community services is a key factor in why so many EDOs exist. Commercial and industrial development are major net contributors to every local economy. In some communities, for example, every $1 of revenue generated from commercial and industrial uses requires just $0.29 in services, while residential uses can require $1.18 in services for every $1 generated, reinforcing the importance of a balanced tax base.
During Economic Development Week, it is important to remember that it is very competitive for every project out there, so support of local EDOs is critical for the long-term health of a local economy. Studies from other regions have shown that public investment in economic development can generate strong returns, often ranging from $3 to $9 for every $1 invested, through job creation, private investment, and long-term tax base growth.