SIC Code 8748-75 - Economic Development Agencies

Marketing Level - SIC 6-Digit

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SIC Code 8748-75 Description (6-Digit)

Economic Development Agencies are organizations that work towards improving the economic well-being and quality of life in a particular region or community. These agencies are typically funded by government entities, but can also be non-profit organizations or public-private partnerships. The main goal of Economic Development Agencies is to attract and retain businesses, create jobs, and promote economic growth in their respective areas. They achieve this by providing a range of services and resources to businesses, such as site selection assistance, workforce development programs, and access to financing and incentives. Economic Development Agencies also work to improve the overall infrastructure and amenities of their communities, such as transportation systems, housing, and public spaces, in order to make them more attractive to businesses and residents alike.

Hierarchy Navigation for SIC 6-Digit Code 8748-75

Tools

  • Business retention and expansion programs
  • Site selection assistance
  • Workforce development programs
  • Access to financing and incentives
  • Market research and analysis
  • Business incubators and accelerators
  • Entrepreneurship training and support
  • Infrastructure development and improvement
  • Publicprivate partnerships
  • Foreign direct investment attraction
  • Industry cluster development
  • Marketing and branding campaigns
  • Talent attraction and retention initiatives
  • Regulatory and permitting assistance
  • Small business development centers
  • Export assistance programs
  • Tourism promotion and development
  • Brownfield redevelopment programs
  • Community revitalization initiatives
  • Strategic planning and economic development plans

Industry Examples of Economic Development Agencies

  • Regional Economic Development Agencies
  • State Economic Development Agencies
  • City or County Economic Development Agencies
  • Chamber of Commerce Economic Development Divisions
  • PublicPrivate Partnership Economic Development Organizations
  • NonProfit Economic Development Organizations
  • Industry Cluster Development Organizations
  • Workforce Development Boards
  • Small Business Development Centers
  • Foreign Direct Investment Promotion Agencies

SIC Code 8748-75 - Economic Development Agencies

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