What are the importance of development in point

Economic development helps to protect the local economy from economic downturns by attracting and expanding the region's major employers. The increased presence of companies in the region translates to increased tax revenue for community projects and local infrastructure.

Answer is : Economic development helps to protect the local economy from economic downturns by attracting and expanding the region's major employers. The increased presence of companies in the region translates to increased tax revenue for community projects and local infrastructure.

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