"Creating a prosperous, sustainable economy goes hand in hand with building world-class communities. One cannot exist without the other. As the state's economic development agency, the Washington State Department of Commerce focuses on strengthening our key industries, expanding international trade, helping small; businesses grow, providing training to a new generation of workers, providing access to funding, and supporting the work of our local economic development partners in all 39 Washington counties". Washington State Department of Commerce
Economic Development is a program, a group of policies, or activity that seeks to improve the economic well-being and quality of life for a community. Ideally, it will create and retain jobs that facilitate growth and provide a stable tax base. Economic development programs can take numerous approaches. No single strategy, policy, or program can assure success for a community. Some communities will succeed, while others will have to develop their assets to become marketable. In order to create an effective program that works for the local economy, the community must understand the five levels of development. Each level consists of various strategies that can be implemented based on their geography, economy, and politics.
Key Sectors strategy focuses on targeted industries that can spur rapid growth, including aerospace, agriculture and food manufacturing, clean technology, information and communication technology, life science/global health, maritime, forest products, and military and defense.
Real World EDA student, discussing her aspirations for the Medical Field. Her goal is to eventually open world-wide medical facilities for the impoverished of the world.