The Purpose of the Economic Development Committee is:
To implement local efforts and support national programs to preserve and expand economic empowerment among African-Americans and other communities of color by:
(1) researching and establishing relationships with private and public entities;
(2) supporting the work of the National Office in monitoring the progress and activity of private and public entities designated by national programs;
(3) implementing local efforts to promote the growth of business ownership;
(4) increasing employment and job creation;
(5) encouraging business development and home ownership.