Here is a single color palette for economic development:

1. Color Name: Prosperity Green
   Hex Code: 
                            
                            #00A896
                        
   Palette Description: This vibrant shade of green represents growth, progress, and prosperity. It symbolizes the positive impact of economic development on communities and the environment.

2. Color Name: Innovation Blue
   Hex Code: 
                            
                            #0077B6
                        
   Palette Description: This deep blue shade signifies innovation, technology, and forward-thinking. It represents the importance of embracing new ideas and advancements in economic development strategies.

3. Color Name: Opportunity Yellow
   Hex Code: 
                            
                            #FFC300
                        
   Palette Description: This bright yellow hue represents opportunities and optimism. It symbolizes the potential for job creation, entrepreneurship, and inclusive economic growth.

4. Color Name: Empowerment Orange
   Hex Code: 
                            
                            #FF6F00
                        
   Palette Description: This energetic orange color signifies empowerment and community engagement. It represents the importance of involving citizens and giving them the tools to participate in economic development initiatives.

5. Color Name: Collaboration Gray
   Hex Code: 
                            
                            #4F4F4F
                        
   Palette Description: This neutral gray shade represents collaboration and teamwork. It symbolizes the need for partnerships between government, businesses, and communities to achieve sustainable economic development.

6. Color Name: Resilience Red
   Hex Code: 
                            
                            #DC3545
                        
   Palette Description: This bold red color signifies resilience and adaptability. It represents the ability to overcome challenges and bounce back from economic setbacks, highlighting the importance of resilience in economic development efforts.

Note: These colors can be used together as a palette for various design purposes related to economic development, such as branding, website design, marketing materials, or infographics.