economic development
noun[U]
ECONOMICSukustheprocessin which aneconomygrowsorchangesandbecomesmoreadvanced,especiallywhen botheconomicandsocialconditionsareimproved:
They'retryingtopromoteeconomicdevelopmentin theborderareas.
Thestatehasadded$500,000 from thestateeconomicdevelopmentfundtohelpclosethegap.
aneconomicdevelopment/initiative/strategy.
Energyplaysakeyrolein Colorado'seconomicdevelopmentstrategy.