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This document is designed to gather information regarding the completion of economic development projects, detailing job creation, financial contributions, and other pertinent data.
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How to fill out ed1 economic development close-out

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How to fill out ED/1: ECONOMIC DEVELOPMENT CLOSE-OUT

01
Start with the project identification details at the top of the form.
02
Provide accurate contact information for the organization responsible for the project.
03
Fill in the project title and the economic development program under which it falls.
04
Document the period of project implementation: start date and end date.
05
Summarize the project's objectives and expected outcomes.
06
Detail the activities completed during the project, including metrics or statistics that demonstrate impact.
07
Include a financial summary that outlines the budget, expenses, and any funding sources.
08
Provide information on partnerships and collaboration involved in the project.
09
Attach supporting documentation, such as reports or evaluations that corroborate the information submitted.
10
Review all entries for accuracy and completeness before submission.

Who needs ED/1: ECONOMIC DEVELOPMENT CLOSE-OUT?

01
Local government agencies involved in economic development projects.
02
Non-profit organizations managing economic development initiatives.
03
Businesses seeking funding and support from economic development programs.
04
Grant applicants needing to demonstrate project completion and outcomes.
05
Policy makers and stakeholders assessing the impact of economic development projects.
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People Also Ask about

Economic Development is programs, policies or activities that seek to improve the economic well-being and quality of life for a community. What “economic development” means to you will depend on the community you live in.
A developing economy refers to an economy with relatively low per capita resources that undergoes a transformation process to increase resources and choices for its population.
Examples of economic development activities include loans and grants to businesses, job training, infrastructure improvements to commercial districts, and other efforts to attract or retain workers.
Rostow argued that the economies of all countries could be placed within one of five different stages of economic growth. The stages include traditional society, preconditions to takeoff, takeoff, drive to maturity, and age of high mass consumption.
The economy of Brazil is the largest in Latin America and the Southern Hemisphere in nominal terms. As of 2024, the Brazilian economy is the third largest in the Americas in nominal terms, and second largest in purchasing power parity. It is an upper-middle income developing economy.
IEDC defines the term as a program, group of policies, or activity that seeks to improve the economic well-being and quality of life for a community, by creating and/or retaining jobs that facilitate growth and provide a stable tax base. ** Typically economic development can be described in terms of objectives.
Economic development is the efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base – i.e., will improve the standards of living for the whole population.
Economic Development is programs, policies or activities that seek to improve the economic well-being and quality of life for a community. What “economic development” means to you will depend on the community you live in. Each community has its own opportunities, challenges, and priorities.

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ED/1: ECONOMIC DEVELOPMENT CLOSE-OUT is a reporting document used to summarize the completion of economic development projects and to evaluate the outcomes in relation to the initial goals set for the project.
Organizations, businesses, or entities that have received funding or support for economic development projects are required to file the ED/1: ECONOMIC DEVELOPMENT CLOSE-OUT to report on their project outcomes.
To fill out the ED/1 form, provide details on the project, including project goals, activities conducted, expenditures, outcomes achieved, and any challenges faced. Ensure all sections are completed accurately and submit by the specified deadline.
The purpose of the ED/1: ECONOMIC DEVELOPMENT CLOSE-OUT is to provide a formal assessment of the economic development project, ensuring accountability and transparency in the use of funds, and to analyze the effectiveness of the project in promoting economic growth.
Required information includes project summary, objectives, total funding received, expenditures, outcomes and benefits achieved, number of jobs created or retained, and any lessons learned during the project's implementation.
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