Economic Development

Question 1

________________ is a loan to a company to build or buy facility, land or equipment.

Answer 1

Industrial Revenue Bond

Question 2

_____________ is seed money established; loans made and repaid; funds- reloaned to next applicant.

Answer 2

Revolving Loan Fund

Question 3

_______________ is meant for economically distressed area targeted for improvement; business who locate or expand in zone and create jobs can receive tax exemption and tax credits.

Answer 3

Enterprise Loan

Question 4

________________ economically distressed rural and urban zones designated by USDA and HUD.

Answer 4

Empowerment Zones

Question 5

________________ support business start-ups by providing services such as inexpensive or free office space, technical assistance, and admin or marketing support.

Answer 5

Business Incubator Program

Question 6

_________________ is an agency of the federal government that assists and protects the interest of small businesses

Answer 6

SBA - Small Business Administration

Question 7

______________ is a small, short term loans for small, usually start up businesses

Answer 7

Microloans

Question 8

______________ are funds made available to invest in potentially higher profitable business venture at considerable risk to the investor

Answer 8

Venture Capital Funds (VC)

Question 9

_____________ is a special taxing district fund for improvement; established by vote of residents.

Answer 9

Downtown Development Authority

Question 10

____________________ special assessment districts in business areas; funds used for infrastructure improvements or expanded services.

Answer 10

Business Improvement District

Question 11

_________________ was created based on finding of slum and blight - data and analysis of physical and economic conditions.

Answer 11

CRA Districts

Question 12

_______________ is a technical assistance program with the goals of revitalizing historic downtowns and encouraging economic development within the context of historic preservation.

Answer 12

Main Street Program

Question 13

__________________ is a property, expansion redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance pollutant, or contaminant.

Answer 13

Brownfield

Question 14

___________________ is an undeveloped land in a city or rural area either used for agriculture or landscape design, or left to evolve naturally.

Answer 14

Greenfield

Question 15

A _________________ is an economically obsolescent outdated, failing, moribund or underused real estate asset or land.

Answer 15

Greyfield.

Question 16

_________________ is the sum of a corporation’s stock, long-term debt and retained earnings.

Answer 16

Capitalization.

Question 17

_____________ is a special contractual clause included in some governmental economic development contracts by which money already paid to grantees for guaranteed economic development outcomes must be paid under certain conditions where those guarantees are not met.

Answer 17

Clawback.

Question 18

___________________ refers to the spillover effect the presence of particular type of job has on additional local economic activity.

Answer 18

Multiplier effect.

Question 19

________________ is defined as the reduction of or exemption from, taxes granted by a government for a specified period, usually to encourage certain activities such as investment in capital equipment.

Answer 19

Tax abatement

Question 20

What decade is described as a disasterous period in cities across the US?

Answer 20

1970s