An economic development corporation 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 similar to, but complementary to Chambers of Commerce. 501(c)(3) is a provision of the US tax code that provides exempt status, for Federal income tax purposes, for some non-profit organizations in the United States (see 26 U.S.C. § 501(c)(3)). The term refers to: Section 501. ... A non-profit organization (often called non-profit org or simply non-profit or not-for-profit) can be seen as an organization that doesnt have a goal to make a profit. ... Chambers of commerce are business advocacy groups which are usually not associated with government. ...
The NVEDC or Napa Valley Economic Development Corporation is an EDC The mission of the Napa Valley Economic Development Corporation is to develop a sustainable and vital economic base through strong partnerships, fully leveraged economic development projects and state-of-the-art information services. ... The New York City[1] Economic Development Corporation[2] works with the private and public sectors on economic development initiatives to revitalize businesses, create jobs, and generate revenues for the City. ...
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Economicdevelopment is the development of economic wealth of countries or regions for the well-being of their inhabitants.
The study of economicdevelopment is known as developmenteconomics.
Developmenteconomics emerged as a branch of economics because conventional economic theories are largely applicable only to developed countries that have gone through development already and are embarking on steady-state growth.
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