Money & You - Economic Development

Money & You - Economic Development Main Photo

4 Oct 2012

Economic Development

Tommy Haws - Gallup Journey The term economic development is used a lot. Some think that it means a new place to shop or a new restaurant coming into town. It can be elusive and ambiguous, especially during a recession period such as we are going through now.

Recently a new entity, The Greater Gallup Economic Development Corporation, was created to help with the economic development process in the Gallup area. But as a result, I have been asked many questions about what new eatery is coming to town or if the group is going to be bringing in competition for the locally owned businesses. There is some skepticism about what is going to happen. I want to take this chance to explain the process of what is going on with a group such as this and what is true economic development.

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