Final answer:
Communities view new businesses as sources of employment opportunities, economic growth, and increased tax revenue, which can lead to improved community infrastructure and quality of life.
Step-by-step explanation:
Many communities attempt to attract new businesses because they are viewed as potential sources of employment opportunities, economic growth, and increased tax revenue. These elements are essential as they help improve the quality of life within a community.
Government and business entities mutually benefit from one another. Governments offer incentives, such as tax breaks and reduced restrictions, trying to entice businesses, leading to job creation and increased financial capital for the community. In return, businesses benefit from government incentives, leading to higher employment opportunities and better wages for citizens. Additionally, the presence of businesses ultimately generates more tax revenue for the state and local governments, facilitating further development and public services.
Moreover, a vibrant business sector stimulates the primary sector of the economy, providing quality jobs and attracting capital that can be reinvested in nurturing other economic areas. All these factors contribute to creating an appealing environment for both businesses and residents.