Economic Development Flashcards
________________ is a loan to a company to build or buy facility, land or equipment.
Industrial Revenue Bond
_____________ is seed money established; loans made and repaid; funds- reloaned to next applicant.
Revolving Loan Fund
_______________ 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.
Enterprise Loan
________________ economically distressed rural and urban zones designated by USDA and HUD.
Empowerment Zones
________________ support business start-ups by providing services such as inexpensive or free office space, technical assistance, and admin or marketing support.
Business Incubator Program
_________________ is an agency of the federal government that assists and protects the interest of small businesses
SBA - Small Business Administration
______________ is a small, short term loans for small, usually start up businesses
Microloans
______________ are funds made available to invest in potentially higher profitable business venture at considerable risk to the investor
Venture Capital Funds (VC)
_____________ is a special taxing district fund for improvement; established by vote of residents.
Downtown Development Authority
____________________ special assessment districts in business areas; funds used for infrastructure improvements or expanded services.
Business Improvement District
_________________ was created based on finding of slum and blight - data and analysis of physical and economic conditions.
CRA Districts
_______________ is a technical assistance program with the goals of revitalizing historic downtowns and encouraging economic development within the context of historic preservation.
Main Street Program
__________________ 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.
Brownfield
___________________ is an undeveloped land in a city or rural area either used for agriculture or landscape design, or left to evolve naturally.
Greenfield
A _________________ is an economically obsolescent outdated, failing, moribund or underused real estate asset or land.
Greyfield.
_________________ is the sum of a corporation’s stock, long-term debt and retained earnings.
Capitalization.
_____________ 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.
Clawback.
___________________ refers to the spillover effect the presence of particular type of job has on additional local economic activity.
Multiplier effect.
________________ 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.
Tax abatement
What decade is described as a disasterous period in cities across the US?
1970s