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 particular geographic area, an EDC typically focus on longer-term economic growth by attracting new businesses. Generally, an EDC can be found at the state level to attract business to a particular state. The state level EDC often works closely with local EDCs and may offer low interest loans, grants, tax credits and other economic incentives to attract businesses.
Blanco, Magdelana. 2009. Preliminary Assessment of Statutory Compliance of 4A and 4B Economic Development Corporations in Texas with the Development Corporation Act of 1979. Applied Research Project. Texas State University. http://ecommons.txstate.edu/arp/300/
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economic, development, corporation, economic, development, corporation, organization, common, united, states, usually, profit, whose, mission, promote, economic, development, within, specific, geographical, area, these, organizations, complementary, chambers, . 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 particular geographic area an EDC typically focus on longer term economic growth by attracting new businesses Generally an EDC can be found at the state level to attract business to a particular state The state level EDC often works closely with local EDCs and may offer low interest loans grants tax credits and other economic incentives to attract businesses See also editDevelopment corporation Business improvement district Pro bonoFurther reading editBlanco Magdelana 2009 Preliminary Assessment of Statutory Compliance of 4A and 4B Economic Development Corporations in Texas with the Development Corporation Act of 1979 Applied Research Project Texas State University http ecommons txstate edu arp 300 nbsp This economics related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Economic development corporation amp oldid 1067347435, wikipedia, wiki, book, books, library,
