City of Lancaster Economic Development Strategic Plan
Project Overview & Purpose
Since 1998, Lancaster has been working from strategies and recommendations that were outlined in a well-developed community plan: Lancaster’s Economic Development Action Agenda (LDR Plan). This plan, which reacted to the need to stimulate economic development, has been responsible for shaping much of what has been accomplished in Lancaster over the past several years. These milestones have included Clipper Magazine Stadium, The Lancaster County Convention Center and Lancaster Marriott at Penn Square, a vibrant (and growing) arts community; and the development of major educational and entertainment venues.
Today, 15 years after the release of that leading document, Lancaster is poised for a bright future. Rather than reacting to economic challenges, the City has an opportunity to build upon the strengths and opportunities that Lancaster has gained from the years of strong economic growth. Seeing this potential and at the request of and in partnership with the City; the Lancaster City Alliance (LCA) is proudly leading the effort to develop a new economic development strategy for the City of Lancaster’s Downtown and neighborhood commercial corridors .
Quarterly Progress Reports
Defining Economic Development
According to the Cambridge Online Dictionary, “Economic Development” is defined as follows:
“The process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved”