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Statements

Subject Item
dbr:Economic_development_corporation
rdf:type
yago:Abstraction100002137 yago:Wikicat501(c)(3)NonprofitOrganizations yago:PsychologicalFeature100023100 dbo:Organisation yago:YagoPermanentlyLocatedEntity yago:Management101133281 yago:Organization101136519 yago:Event100029378 yago:SocialControl101123598 yago:Act100030358 yago:NonprofitOrganization101137597 yago:GroupAction101080366 yago:Administration101135952
rdfs:label
Economic development corporation
rdfs:comment
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.
dct:subject
dbc:Economic_development_organizations_in_the_United_States
dbo:wikiPageID
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dbr:United_States dbr:Chamber_of_commerce dbc:Economic_development_organizations_in_the_United_States dbr:Development_corporation dbr:Non-profit dbr:Pro_bono dbr:Business_improvement_district dbr:Economic_development dbr:501(c)(3)
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dbo:abstract
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.
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