Sir Richard Leese, council leader, said the combined strength of the club and council would act as an "engine of economic growth" in the area.
Economic growth in the entire area is forecast between 4.5% and 5.1% between 2010 and 2012, but it does not seem destined to translate into actual jobs.
Recent economic figures suggest that growth is slowing in the euro area, but more gently than in America.
Construction across the euro zone continued to decline in July, indicating the single currency area will likely struggle to post economic growth in the third quarter of this year.
The prime minister hailed plans for housing development in the Thames Gateway area but stressed drops in unemployment and the economic growth in the north east.
The economy in this area is going to be the engine for world economic growth for some time to come.
And the third area is that Blue Dogs believe in strong pro-economic growth policies, because we believe a growing economy really benefits everyone in this country.
In the economic area, we shall deepen bilateral economic ties and fortify the growth and prosperity of the two countries through their promotion of economic integration in the Asia Pacific region.
Its growing domestic market spurred a national economic summit in December 2006 that cited gems and jewelry as a likely area for employment growth.
They valued the joint efforts made by both countries in this area, and decided to deepen cooperation on clean energy, energy security, economic growth, and climate change.
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Nicknamed "The Builder Prince" he began to transform Monaco as early as the 1950s, reclaiming land that added 20% growth to the principality's surface area, encouraging large construction projects and supported economic diversification.
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And Europe's stability and growth pact, so beloved of those who established economic and monetary union, has thrown fiscal policy in the euro area into disarray.
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