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After the United States Community Services Administration decided to not continue funding OCCSA, Northeast Kingdom Community Action (NEKCA) was established in 1980 in a July 3, 1980 Executive Order by Vermont Governor Richard A. Snelling, to "work cooperatively with the other Community Action Agencies in the State and with the State Economic ...
The Department of Economic Development stimulates business development and job creation. The department assists through support in financing, licensing, business recruitment, and marketing services. The Department of Tourism and Marketing promotes Vermont as a travel destination through the mediums of print, television, radio and the World Wide ...
Project grants are the most common form of grants and a large number are found in scientific research, technology development, education (such as Federal Pell Grants), social services, the arts and health care types of assistance. [citation needed] Formula grants provide funds as dictated by a law. Examples of this type of grant includes Aid to ...
An economic development incentive is known as "cash or near-cash assistance provided on a discretionary basis to attract or retain business operations." [ 1 ] These benefits principally encompass tax and economic incentives provided by federal , state , or local governmental bodies.
The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs.
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 ...
The governor also designated $100 million in borrowing for the state’s Rural Development Fund, $100 million for the Seaport Economic Council, and $100 million for Local Economic Development Grants.
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.