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This document outlines the agenda for the Economic Development and Equity Subcommittee\'s meeting on June 28, 2023, detailing options for access, reports on housing developments, updates on redevelopment proposals, and discussions on ongoing programs related to economic development and community equity.
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What is economic development and equity?
Economic development refers to the process of improving the economic well-being and quality of life for a community by creating and retaining jobs and supporting or growing incomes and the tax base. Equity in economic development ensures that all individuals, regardless of their background, have equal access to opportunities and benefits resulting from such development.
Who is required to file economic development and equity?
Entities involved in economic development projects, including government agencies, private developers, and organizations receiving public funds, are typically required to file economic development and equity reports.
How to fill out economic development and equity?
To fill out economic development and equity forms, entities must collect relevant data on their projects, including employment figures, income levels, project cost, and demographic information, and report this data in the prescribed format set by the regulatory body.
What is the purpose of economic development and equity?
The purpose of economic development and equity is to foster inclusive growth that benefits all members of society, mitigate disparities, and ensure that development projects contribute to the overall well-being of various communities.
What information must be reported on economic development and equity?
Information typically required includes data on job creation, investment amounts, demographic data of employees and beneficiaries, economic impact assessments, and an analysis of how the project promotes equity.
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