Economic Development Fund Sample Clauses

The Economic Development Fund clause establishes a dedicated pool of financial resources intended to support initiatives that promote economic growth within a specified area or sector. Typically, this clause outlines the sources of funding, the types of projects eligible for support—such as infrastructure improvements, workforce training, or business incentives—and the procedures for allocating and monitoring the use of funds. Its core practical function is to ensure that there is a structured and transparent mechanism for channeling investments into activities that drive economic advancement, thereby addressing the need for targeted development and accountability in the use of public or private funds.
Economic Development Fund. B.C. will pay $70,000,000 to CSTC, on behalf of the CSFNs, to establish a fund to support CSFN economic development initiatives (the "Economic Development Fund") as follows: (a) $10,000,000 within 10 Working Days of execution of the Agreement by all of the Parties; (b) the following amounts after the Parties have established the Advisory Committee and a framework for their regional economic development initiative pursuant to section 5.3(c): (i) $10,000,000 after receiving the 2018/2019 funding report in respect of the payment made pursuant to section 5.5(a) in substantially the form set out in Schedule "B" ("Funding Report") from CSTC within 60 Working Days of the execution of the Agreement by all of the Parties (ii) $15,000,000 after receiving the 2019/2020 Funding Report on or before April 30, 2020; (iii) $15,000,000 after receiving the 2020/2021 Funding Report on or before April 30, 2021; and (iv) $20,000,000 after receiving the 2021/2022 Funding Report on or before April 31, 2022 (collectively, the "Economic Development Fund Payments").
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Economic Development Fund. 9.1 State commitment
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Economic Development Fund. The Parties agree to delete section 5.5 of the Pathway Forward 2.0. Agreement and replace it with the following:
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Related to Economic Development Fund

  • Professional Development Fund Article 20

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year. 23.1.2 The College agrees to provide the Association with the authority to administer the program on behalf of the College for those activities approved by the College in accordance with 23.2, 23.4 and 23.5. 23.1.3 Nothing in this Agreement prevents the College from funding professional development activities in addition to those activities supported through the Professional Development Funds (23.1.1) in accordance with the procedures described in this Article.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Program Development NWESD agrees that priority in the development of new applications services by WSIPC shall be in accordance with the expressed direction of the WSIPC Board of Directors operating under their bylaws.