Strategic Economic Development Plan
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The City of Scranton developed a Strategic Economic Development Plan with funding from the Appalachian Regional Commission ($50,000), matched by the Greater Scranton Chamber of Commerce ($12,500), Scranton Area Community Foundation ($12,500), and the city's Office of Economic and Community Development ($25,000), totaling $100,000. The plan was created in partnership with Fourth Economy, a national consulting firm, following Scranton's exit from Pennsylvania's Act 47 distressed municipality program. The city established an advisory committee and engaged community, business, nonprofit, and academic stakeholders to define priority focus areas and develop actionable economic development objectives. With approximately 80,000 residents, Scranton aimed to achieve measurable, sustainable economic growth and improve quality of life through this formal planning framework.
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