What Is Economic Development?

Economic Development usually takes three forms:

  • Business Attraction
  • Business Retention and Expansion
  • Business Creation

All three of the forms seek to create primary jobs that pay more than the average wage, increase the amount of income coming into the community from outside our market area, and create greater capital investment in our community. The goal is to attract a diverse group of industries and businesses to help insulate the community from economic shock in case specific sectors should fall on challenges.

The mission of the Lampasas Economic Development Corporation is to enhance economic opportunities and quality of life for our citizens through strategic business retention and attraction. The LEDC vision is to be recognized as a thriving community with diverse economic opportunities while maintaining our excellent quality of life.

Show All Answers

1. What Is Economic Development?
2. Why Does The LEDC Focus On Primary Jobs?
3. What is the Lampasas Economic Development Corporation?