Theresa Foxley is a Chief Executive Officer at Economic Development Corporation in Utah. The speaker is working in the economic development industry and economic development can be described as creating an environment in a community that allows people to add value to goods and then subsequently export them outside the community. Theresa Foxley spoke about how in the earlier times, the original economic development was most probably agriculture wherein people used to plants various kinds of plantations and used it for sustaining their families and selling the excess to others in the market.