An Economic Development Agency is a government or non-profit organization focused on improving the economic well-being of a specific area, such as a city or region. These agencies work to attract new businesses, support existing ones, and create jobs. They often provide resources like funding, training, and technical assistance to help local entrepreneurs and companies grow. Additionally, Economic Development Agencies collaborate with various stakeholders, including local governments, community organizations, and private businesses. Their goal is to foster a healthy economic environment that encourages investment and enhances the quality of life for residents, ultimately leading to sustainable growth and development in the community.