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An economic development corporation ("EDC") is an organization common in the United States, usually a 501(c)(3) non-profit, whose mission is to promote economic development within a specific geographical area. These organizations are complementary to Chambers of Commerce. Whereas a Chamber of Commerce promotes the interests of businesses in a ...
New York City Industrial Development Agency (NYCIDA) is a public benefit corporation under New York State law that provides companies with access to tax-exempt bond financing or tax benefits to strengthen and diversify the City’s tax and employment base, helps businesses locate and expand their operations within New York City, and encourages ...
Pages in category "Economic development organizations in the United States" The following 39 pages are in this category, out of 39 total. This list may not reflect recent changes .
The New York State Urban Development Corporation (UDC) was created in 1968 by the New York State Urban Development Corporation Act. [1] [7] On August 31, 1987, the Omnibus Economic Development Act created the state Department of Economic Development (DED). [7]
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 ...
Economic development organizations have faced some criticism from industry groups and economists. As quasi-public entities, the leadership of economic development organizations often oversee large and complicated financial transactions without having the requisite skill level or oversight from competent third parties.
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 proposed overhaul of the economic development fund favored by Gov. Gretchen Whitmer would divert hundreds of millions to community investments.