"Economic development is a collaborative process between all levels of government and non-government organizations that builds up the economic and social capacity of an area to improve its financial future and overall quality of life". (adapted from World Bank 2010)

"It is well accepted that local governments play a significant role in the economic development process and that economic development success is largely dependent on effective local government participation". UBCA, "Evaluating the Economic Development Role of BC Local Governments". (April 2010)