Economic development acts as a catalyst by helping local businesses expand or by attracting new businesses into the community. Such activity increases the tax base of the area, thereby spreading the costs of public services and keeping overall costs down. Economic development increases the economic well-being of every business in our town.
The best economic development strategies are those that place Business Retention and Expansion (BR&E) first. Studies have shown that approximately 80 percent of all new businesses come from businesses already in the community. Eagle's top priority in Economic Development is BR&E.