Local Development Corporations

Local Development Corporations (LDCs) are non-profit organizations created by local governments or communities to promote economic growth and revitalization within a specific area. They typically focus on attracting businesses, supporting job creation, and improving infrastructure or community resources. By acting as a bridge between government, businesses, and residents, LDCs help implement projects that stimulate local economies and enhance community well-being. They often offer financial incentives, planning assistance, or partnerships to encourage development, aiming to create sustainable, vibrant neighborhoods and economic opportunities.