How to understand economic development

   Jones County Economic Development (JCED) is a public/private partnership dedicated to strengthening the economic base in the region by assisting existing businesses, attracting new investment and jobs, and fostering a business climate favorable for economic growth. But what economic development is can be hard to understand for many people. JCED is committed to a comprehensive approach to community and economic development. This commitment is shown through a dedication to improve quality or life amenities, work on community improvement projects, a focus on business expansion and recruitment, housing development, agricultural relations, workforce development, and small business assistance. All of these aspects, both on a small and large scale, are the reality of current economic development. That’s why understanding it can be so hard.

   Economic Development has a long history of usage in the United States, but has changed drastically over the decades. When communities first started talking about this new and coordinated effort in the aftermath of World War II, it was believed that community development was a linear function. It started with communities bringing in businesses that paid good wages, followed by housing, followed by families filling the area, and that this process would continue indefinitely. Not only would the process outlined above continue, but the people and families who moved to the area would stay and become long-term and productive residents, contributing to a long cycle of everlasting growth.

   However, that has proven not to be the case. Over the last few decades, rural populations have not only aged, but shrank, with most of the population going to nearby metro areas. This trend is further exacerbated by school consolidation, lack of succession planning in small and vibrant local businesses, the continued advance of remote work, and the desire to WANT to love somewhere exciting first and foremost. In order to grow and retain residents, communities need to understand that people want something where they can be productive, unique, and enjoy their communities.

   Over the last few years, JCED has been very successful in working with local businesses, organizations, and communities in order to try and drive both economic and population growth. Yet, there is still more to do. From developing more trails to revitalizing downtowns to helping younger leadership take hold in the communities and everything in between, the work is nowhere near done and will require constant adjustment and maintenance.

   Always remember that Jones County Economic Development is here as a resource to your business and that we always try to help our businesses and communities grow and prosper. Anytime you have questions, please don’t hesitate to reach out by contacting me at director@jonescountydevelopment.com.