What is community economic development?

Community economic development (CED) is a process where local communities take action to stimulate economic growth and improve the quality of life for their residents. This involves initiatives such as supporting small businesses, creating jobs, developing affordable housing, and fostering local leadership. CED often emphasizes collaboration among residents, local organizations, and government to address economic challenges and create sustainable, inclusive growth. The goal is to empower communities to drive their own economic futures while addressing social, environmental, and economic needs.