The mission of the Economic Development Committee is to foster economic growth in the community board district by introducing citizens - business owners, job-seekers, and entrepreneurs - to resources conducive to their success. A key goal of the Economic Development Committee is to educate citizens of the district about economic opportunities that both the city and the non-profit sector provide so enterprises can reach their full potential. These opportunities include job training, loan programs, grant programs, business plan development, management training, licensing and certification programs, to name just a few.
The mission of the Economic Development Committee is also to build a vibrant, modern economy for the community that is diversified throughout the retail, service, manufacturing, health care, and education sectors. To this end, the committee promotes the establishment of merchant associations, the hiring of local residents, local lending and community use provisions for local businesses, and involvement of non-profit development corporations and lending institutions. A healthy economy, the committee, believes, is the backbone of a strong community.