Purpose and Intent
Economic vitality is critical to the long-term viability of any community, county, or region. We all have an important role to play in creating jobs, building economic resilience, and introducing innovative solutions that improve the competitiveness of our communities here in Latah County. While economic development can be defined in many ways, it ultimately is the business of helping business expand and create jobs.
From a public perspective, local economic development involves the allocation of limited resources - land, labor, capital, and entrepreneurship in a way that has a positive effect on the level of business activity, employment, income distribution patterns, and fiscal solvency. At its heart, economic development is about building healthy economies in order to have healthy communities.
The intent of The Partnership for Economic Prosperity (The Partnership) is to bring business, government, education and community leadership together for the purpose of strengthening the Latah County economy through the retention and expansion of existing business and industry, the attraction and recruitment of new businesses, and the continuing diversification of our economic base.