Strategic planning is the process of setting goals, objectives, and priorities for an organization or community and developing a plan to achieve those goals.
It involves assessing the internal and external factors that may affect the entity, identifying strengths and weaknesses, and developing strategies to leverage opportunities and mitigate challenges.
Strategic planning serves as a guide for decision-making and resource allocation, helping organizations align their actions with their overall mission and vision.
Economic development is the process of promoting economic growth, investment, and job creation in a community or region. It involves identifying the economic strengths and weaknesses of the community, developing strategies to promote growth and investment, and implementing those strategies in a sustainable and equitable manner.
Economic development strategies can include initiatives such as attracting investments, promoting entrepreneurship, improving infrastructure, advancing education and workforce skills, and creating policies to stimulate business and industry.
The goal is to build a resilient and thriving economy that benefits the broader community by addressing both short-term and long-term economic challenges.
