An earlier post was about why we do what we do. This is a continuation of that thread. The link from BI highlighted states losing population and the reasons why. A consistent theme was jobs as the reason.
This link looks at states with increasing population. Note the common theme - abundant jobs. These states see a growing economy and increased pressure/demand for services.
What did I say earlier? An economic developer creates jobs. Jobs make a local economy grow.
However, this cycle can also present challenges. For example, the labor pool may not match the job skills needed by companies. This may cause the economic developer to initiate a program of talent recruitment. You want your existing businesses to stay and grow. If they cannot find the talent, they may have to expand in other locations.
An economic developer might work with the technical colleges and universities. In addition, an ED pro might work with local businesses in playing a part of talent recruitment. This can mean highlighting the quality of life and amenities in the region.
The next time anyone asks you about economic development, just refer them to the previous link and this one.
For an economy losing population, it is job creation. For an economy with a growing population and low unemployment rate, it is talent recruitment. Jobs - that is why we do what we do.
https://www.businessinsider.com/us-states-people-are-moving-to-2019-5
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