Economic Development Board
The Economic Development Board (EDB) is a government agency responsible for promoting and facilitating economic growth in a specific region or country. Its primary role includes attracting foreign investment, supporting local businesses, and creating job opportunities. The EDB often collaborates with various stakeholders, including private companies, educational institutions, and other government bodies, to develop strategies that enhance the economic landscape.
In addition to investment attraction, the EDB may also focus on sectors such as technology, manufacturing, and services. By providing resources, incentives, and support programs, the EDB aims to foster innovation and improve the overall competitiveness of the economy, benefiting both businesses and the community.