The theme of economic development can be an exciting and challenging when it comes to town to attract large companies and multinational corporations to build factories and plants in them. When the city government to go after businesses to encourage them to go to the region often have to compete with other cities and regional partnerships to provide land use areas.
Economic development means more jobs for local citizens and the tax base for local government in the city. It also means an increase in housing companies to choose the locations of their headquarters or manufacturing textiles. When hundreds or thousands of employees have to work on a new production plant in the city benefits the entire industry boom.
A decade ago, the choice faced by Micron to build a new headquarters in two cities in one of two different states. What are the plans of the office space for 300 people was presented to the planning committees, local government officials investigating the costs and benefits of tax breaks that they could provide a manufacturer of microchips.
Realizing that the influx of corporate executives and employees means higher tax revenues and consumer spending on housing property tax benefits for the area, city officials offered lower land costs and tax incentives encourage companies the board of directors of companies to choose one place or another.
Large retail companies like Wal-Mart and Cabelas also encouraged local governments to attract retailers to use to settle in new areas and provide economic development in new markets. Planners and elected officials are doing everything possible to attract and develop new business growth in the city.