To attract and encourage business development and serve the needs of business, the Department shall:
(1) advance the economic welfare of the public through programs and activities that develop in a proper manner the natural resources and economic opportunities of the State;
(2) promote and encourage the location and creation of new industries and businesses in the State and encourage the retention and expansion of existing industries;
(3) support the creation of new businesses and the growth of existing businesses in the State by improving their quality, productivity, and competitive position in the global marketplace;
(4) assist the growth and revitalization of small businesses;
(5) support the growth of the State and regional economies by providing consulting, technical assistance, and liaison activities on business and economic development issues;
(6) promote the development of international trade activities;
(7) assist businesses and employees through training and other employment services;
(8) promote regulatory reform and coordinate efforts with other State and local units; and
(9) foster and develop employment opportunities for residents of the State.
Credits
Added as Economic Development § 2-118 by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Renumbered as Economic Development § 2.5-105 by Acts 2015, c. 141, § 1, eff. Oct. 1, 2015. Amended by Acts 2015, c. 141, § 2, eff. Oct. 1, 2015.
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
