Urban development corporations

Urban Development Corporations (UDCs) are specialized organizations set up by governments to stimulate economic growth and improve infrastructure in urban areas. They focus on revitalizing neighborhoods, attracting investment, and managing large-scale development projects, such as parks, housing, and commercial spaces. UDCs often work in collaboration with private companies, local communities, and government agencies to create jobs, enhance public services, and promote sustainable development. Their goal is to transform underdeveloped or struggling areas into vibrant, economically viable regions that improve the quality of life for residents.