University Center for Economic Development

UNIVERSITY CENTER FOR ECONOMIC DEVELOPMENT

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Established in 1987

The University Center for Economic Development was established in 1987 through funding by the Economic Development Administration (EDA), an agency of the U.S. Department of Commerce whose objective is to provide assistance for economic development projects. The Center's technical assistance and economic planning strategies serve as a means for communities to ensure positive growth.

PRINCIPLES

A comprehensive program has been implemented to support the State of Alabama's public and private economic development initiatives. The Center provides access to university technical resources and the specializations of faculty and professional staff. The founding strategic principles of the Center continue to guide its yearly approach and operation.

These five principles are:

Strategic planning within local communities and the implementation of these plans by members of their communities is essential for long-term economic development.
Support of existing industry and expanded industrial recruitment are necessary components of economic development.
Growing our own jobs is crucial to the State's economic vitality.
Infrastructure to support business and industry must be created and improved to keep Alabama competitive.
International trade is a needed and attainable activity for Alabama firms.

Based on these principles, the University works with communities and businesses to discover and develop resources for economic growth. These efforts are successful because they are cooperative and collaborative partnerships. We believe such partnerships are one of the best means by which people of Alabama can sustain a healthy and growing economy.