Economic Development

The term “Economic Development”, from Wikipedia, is the increase in the standard of living in a nation's population with sustained growth from a simple, low-income economy to a modern, high-income economy. Also, if the local quality of life could be improved, economic development would be enhanced. Its scope includes the process and policies by which a nation improves the economic, political, and social well-being of its people. GreenNEPA was established with the belief and mission that Sustainable Green Development across all sectors can be used as a driver for Economic Development for the next generation.

GreenNEPA views every project, program or business it becomes engaged with an “economic development engine” utilizing Sustainability as the driver. A major disconnect for Economic Development projects is both the public and private sector have different goals. Public sector is concerned about impacts and benefits for their constituents while the private sector is concerned about profitability. GreenNEPA leadership has participated and represented clients on both sides of the Economic Development sphere and utilized a simple theory to bring potential economic development concepts to reality, “it’s a dating game”. There are multitudes of entrepreneurs, private sector companies and investment funds looking to expand, relocate or start a business.

They are searching for a location, incentives and confidence that their public sector partner is committed to long term sustainability and success. Public sector struggles to balance its responsibility to its constituents while providing sustainable opportunities for their community to grow. The key to move Economic Development concepts to reality is leveraging resources from multiple sources reducing the risk for both the Public and Private sector partners and increasing the stakeholders who can benefit from participation, “a dating game”.

The determination for GreenNEPA to provide services, resources and participate is evaluated based on standard criteria.

  • Is the project/program/business financially making sense?
  • Are the stake holders qualified and vested in the project?
  • What are the sustainable impacts of the project on the community, population, environment and economy?
  • What is the time frame to facilitate the project from current stage to operational?