The economic development of the state is achieved through good strategic planning (long term), which consists of a large number of components, measures, tasks and targets that must be achieved. Local economic development and its strategic planning present one of the main components and a guide to general socio-economic development.

Local economic development presents a process by which the municipality continuously is improving the quality of life of its citizens, through the creating an economic and social welfare. Therefore, this process should begin with the making of strategy.

Strategy Planning represents a system, through which municipalities take concrete steps for economic development and define the vision and strategic goals through the definition of development objectives and concrete measures, respectively design tasks and their realization.