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The Capital Region Development Authority (CDRA), previously known as the Capital City Economic Development Authority (CCEDA), is a quasi-public state agency in Connecticut, responsible for promoting residential and economic development in and around the downtown district of the capital city of Hartford. The agency in its current form was ...
The Tribe is a partner in the Community Economic Development Fund, a revolving loan program that will help regional small businesses create jobs. The tribe is the first and only non-bank investor in such a program in Connecticut. In 2012, the Tribe hosted the annual U.S. Sustainable and Responsible Investing conference.
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The CDFI Fund and the legal concept of CDFIs were established by the Riegle Community Development and Regulatory Improvement Act of 1994. Broadly speaking, a CDFI is defined as a financial institution that: has a primary mission of community development , serves a target market, is a financing entity, provides development services, remains ...
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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."
The Empowerment Zone Program consists of three US congressional designations. [2] The Renewal Communities (RCs), Empowerment Zones (EZs) and Enterprise Communities (ECs) are highly distressed urban and rural communities that may be eligible for a combination of grants, tax credits for businesses, bonding authority and other benefits.
The UI program benefits the individual and the local community. For the most part, UI benefits are spent in the local community, which helps sustain the economic well-being of local businesses. The UI program pays benefits to workers who have lost their job and meet the program's eligibility requirements. [7]