The Economic Development Board (Abbreviation: EDB; Chinese: 经济发展局) is a statutory board of the Government of Singapore that plans and executes strategies to sustain Singapore as a leading global hub for business and investment. For the HTML tag see HTML element. An abbreviation (from Latin brevis "short" The statutory boards of the Singapore Government are organisations that have been given autonomy to perform an operational function The Government of Singapore is formed by the Political party which gains a simple majority in the general Elections held in Singapore at least once every Singapore A business (also called firm or an enterprise) is a legally recognized organizational entity designed to provide goods and/or services to Investment or investing is a term with several closely-related meanings in Business management, Finance and Economics, related to saving
It enables multinational and Singapore-based companies to enhance and upgrade to higher value-creating operations across manufacturing and internationally traded services, in a knowledge-driven globalised economy.
Set up in 1961, EDB acts as a catalyst and facilitator to nurture a vibrant, self-sustaining enterprise ecosystem, a conducive total environment for start-ups and companies of all sizes. The Board works closely with other agencies to promote information and develop human, intellectual, financial and cultural capital in Singapore.