Search results
Results from the WOW.Com Content Network
A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDCs usually serve a geographic location such as a neighborhood or a town. They often focus on serving lower-income residents or struggling ...
The Texas Enterprise Fund is a business incentive fund that was created by legislation in 2003. The fund, which had an initial $295 million investment, is used for ensuring the growth of business in Texas. One of Texas’ most competitive recruitment tools, these funds are used primarily to attract new business to the state or assist with the ...
For example, if a $5,000,000 annual tax increment is expected in a development, which would cover the financing costs of a $50,000,000 bond, only a $25,000,000 bond would be typically allowed. If the project is moderately successful, this would mean that a good portion of the expected annual tax revenues (in this case over $2,000,000) would be ...
Shell Co. underscores this sentiment by stating that its recent multi-billion dollar expansion was a boon for local economy, generating more than $17 billion in regional economic development. According to the oil giant, around 14,500 people worked on the expansion project at peak construction and more than 300 new permanent jobs were created.
Economic development has existed even at a basic level since the earliest recorded communities. However, in the US and several other countries, the concept of community economic development emerged "in response to tenacious poverty and the need for affordable housing, good jobs, affordable health care and quality of life matters needed for human existence."
Dec. 19—WATERTOWN — Two new members will serve on the Jefferson County Local Development Corp. board. LDC chair Robert E. Aliasso Jr. has announced the appointments of Dawn Robinson, an ...
An economic impact analysis attempts to measure or estimate the change in economic activity in a specified region, caused by a specific business, organization, policy, program, project, activity, or other economic event. [2] The study region can be a neighborhood, town, city, county, statistical area, state, country, continent, or the entire globe.
The Amish community are an example of economic development being possible without complete modernisation. Profit is given less importance to religion and its values. [ 11 ] Farmers in the Amish community refrain from using modern technological equipment and still find ways to sell their products at market prices and make profits. [ 12 ]