Definition: Economic Development is the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area. Economic Opportunity is the accessibility of an individual to directly participate in elevating his/her standard of living.
Challenges/Issues: Whereas economic development is a policy intervention effort with aims of economic and social well-being of people, economic opportunity is the occurrence of individual contributions to market productivity.
4Tucson Goal: Viable tangible opportunities for upward mobility, supported by public policy.
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