Economic Sustainability

Economic sustainability in any community is difficult to achieve and measure.

Economic sustainability and development is influenced by market, physical, regulatory, financial, and political issues.

Economic sustainability is constantly changing because of growth pressures.

Therefore, whether it is at the federal, state, or local level, virtually all entities view economic sustainability and address economic development differently.

Economic sustainability can be achieved by:

1. Amending Land Use and Development Codes to require a fiscal impact analysis for major development projects
to determine if the development would benefit the community from a financial perspective.
2. Pursuing opportunities that diversify the basic industries and revenue streams within the community
3. Evaluating land use needs, availability and patterns for industrial and commercial uses.
4. Identifying, seeking, and recruiting target industries.
5. Understanding the local economy, economic development capacity, and supporting infrastructure.
6. Diversification – Mixed Use Developments