From a public perspective, local economic development involves the allocation of limited resources – land, labor, capital, and entrepreneurship in a way that has a positive effect on the level of business activity, employment, income distribution patterns, and fiscal solvency. At its heart, economic development is about building healthy economies in order to have healthy communities.

The intent of The Partnership for Economic Prosperity (The Partnership) is to bring business, government, education and community leadership together for the purpose of strengthening the Latah County economy through the retention and expansion of existing business and industry, the attraction and recruitment of new businesses, and the continuing diversification of our economic base.

Inherent in the foundation of this organization and critical to its success, participation in The Partnership requires acceptance of the following principles and guidelines: economic development in Latah County is a team sport. In order for The Partnership to be successful, the economic development goals of the entire County must take precedence over the goals of any individual, organization, or entity involved in the organization. The Partnership represents the economic interests of all of Latah County. We believe economic opportunity can and should happen anywhere within the County. A “win” in Moscow is a “win” in Potlatch and vice versa.