Local development organization definition
Local development organization means a nonprofit organization
Local development organization means a housing and redevelopment authority, economic development authority, community action program, port authority, or private consultant; and
Local development organization means a nonprofit organization which is organized to operate within an area, demonstrates a commitment to a long-standing effort for an economic development program, and makes a demonstrable effort to assist in the employment of unemployed or underemployed residents in an area.
More Definitions of Local development organization
Local development organization. ' means any local or regional development agency, authority, corporation, association, foundation or other entity, regardless of the name or manner of organization, provided it shall have as a principal function the promotion, encouragement, or development of business. The term "local development organization'' shall include a town, city or county if such town, city or county has published written procedures for participating in economic development activities through the loaning of funds or the enhancement of credit.