Economic Development is a complex, multi dimensional process. There are a number of definitions of economic development but no one definition encompasses all of the various aspects of the profession. Basically, there is no single policy, program, strategy or template for achieving economic success in a community or region because each has different strengths and weaknesses and will therefore have various challenges.

Economic Development is a process that influences the growth and well being of a community through such means as job creation, job retention, improved tax base and a reasonable life quality.

Economic Development in Canada offers a wide array of strategies to secure a healthy economy in communities, helping small business grow, leading major development projects, securing outside investments through business attraction, retaining existing opportunities, securing access to capital, marketing and communication are just a few of the facets to further the goals of a community.

The mission of the Economic Developers Association of Canada is to enhance the professional competence of economic developers and ensure placement of highly professional and qualified practitioners in the field of economic development.

To assist in achieving this mission the Association has developed a Guide for the purpose of assisting the practitioners understanding of the core competencies and their relationship in the process of economic development. The document will also assist practitioners in performing their duties within the profession and assisting in the preparation of the accreditation process.

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