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ECONOMIC PLANNING & DEVELOPMENT COMMITTEE MEETING TUESDAY, SEPTEMBER 5, 2023 | 6 PM 1st Committee Meeting Committee will meet in Mauldin City Hall at 5 East Butler Road in the Council Chambers meeting
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Economic planning refers to the process by which an organization or government assesses its current economic conditions and establishes strategies for future economic activities. Historically, it has evolved from central planning in socialist economies to modern mixed economies that incorporate both market mechanisms and government interventions.
Entities that typically need to file economic planning documentation include governmental agencies, corporations, and organizations involved in large-scale economic initiatives or receiving public funds for economic development projects.
To fill out economic planning documents, individuals or organizations should gather relevant data on economic conditions, outline planned activities, project costs and revenues, and ensure compliance with regulatory requirements before submitting to the appropriate authorities.
The purpose of economic planning is to allocate resources efficiently, optimize economic growth, improve public welfare, and ensure sustainable development within a defined timeframe while meeting societal needs.
Reporting on economic planning typically includes demographic data, economic forecasts, planned projects, budget estimates, expected impacts, and compliance with laws and regulations.
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