Today, the global economic has shifted dramatically from where it was in August, 2011. With the passing of the Great Recession starting in 2008, the transformation from old economies to new stable systems requires different financial tools to create development. What we know is that the entrepreneurial spirit exists all over the globe. The deal is alive – the players are changing. Economic development finance is concerned with the development of real wealth in towns and communities of large and small countries. It is concerned about all residents who need sustaining jobs and economic prosperity. The Third Edition specifically focuses on the private sector approach to traditionally public sector development.Privatizing economic development with new financial tools is rapidly becoming the optimum strategy so that the public sector will not be burdened with enormous debt, and the private sector is working closely with community leaders and public officials to implement economic development. In this Third Edition, the roadmap is clear with leadership and communication giving rise and validity to Public Private Partnerships.