Merced County and the Central Valley's (Merced's) economic development coalition have designed their economic development strategy with the intent of creating lasting, sustainable and broad-based development. The coalition's mission is to make the area a place of economic opportunity by offering abundant employment opportunities and a broad base of services to meet the needs of the region. In order to achieve its mission, the coalition seeks to:
The coalition's economic goals and strategies remain consistent with those of the Central Valley region and state. The desire to diversify and balance the economy, create full-time year-round jobs paying the national average, and achieve economic performance on a par with the national average, are the economic goals of the entire seven-county FTZ service region.
In order to accomplish their goals, the counties developed a range of incentives and economic development initiatives to retain and expand local business and industry and to recruit new business and industry.
Additionally, counties have implemented a continuing strategy to assist in its economic development efforts. The components of this ongoing process are listed below.
Coordinate the overall development program with other organizations and the private sector
To contribute to this diversity of incentives, initiatives and programs, the counties must have a Foreign-Trade Zone.