Economic development agencies are organizations that focus on improving the economic well-being of a specific area, such as a city or region. They work to attract new businesses, support existing companies, and create jobs. These agencies often collaborate with local governments, businesses, and community groups to develop strategies that promote growth and sustainability. These agencies may provide various services, including financial assistance, workforce training, and infrastructure development. They also conduct research to identify economic trends and opportunities. By fostering a favorable business environment, economic development agencies aim to enhance the quality of life for residents and stimulate overall economic growth in their communities.