jobs retention:

... the act of keeping existing jobs in a location; a direct workforce benefit derived from successful business retention efforts; a strategic activity that is or should be part of the local economic development effort which is of benefit to the community and its labor force; an expression used in various definitions of economic development that advocate or reflect an approach balanced with jobs creation—see the Best Practice in the .network library.

A definition published in About Economic Development states the following: From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base (source of quote).

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