Organization: ECONOMIC DEVELOPMENT CORPORATION OF
Mission: ECONOMIC DEVELOPMENT CORPORATION OF JEFFERSON COUNTY, MISSOURI, IS A NOT- FOR-PROFIT ORGANIZATION THAT PROMOTES THE BUSINESS ENVIRONMENT OF THE JEFFERSON COUNTY AREA AND ASSISTS IN THE CREATION AND EXPANSION OF BUSINESS IN THE COUNTY.
Activities: THE ECONOMIC DEVELOPMENT CORPORATION SIGNED AN AGREEMENT WITH JEFFERSON COUNTY TO BECOME THE ADMINISTRATIVE AGENT FOR THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT COMMUNITY DEVELOPMENT BLOCK GRANT. ALL EXPENSES INCURRED ARE REIMBURSED BY THE COUNTY OF JEFFERSON THROUGH THE BLOCK GRANT AND EQUIPMENT PURCHASED UNDER THE PROGRAM BECOMES THE PROPERTY OF JEFFERSON COUNTY. THE EDC ALSO PREPARES AND PACKAGES SMALL BUSINESS LOAN APPLICATIONS FOR SUBMISSION TO THE SMALL BUSINESS ADMINISTRATION. THE EDC IS RESPONSIBLE FOR LOAN FOLLOW UP AND SERVICING AFTER FUNDING.
THE ECONOMIC DEVELOPMENT CORPORATION PROMOTES THE BUSINESS ENVIRONMENT OF JEFFERSON COUNTY, MISSOURI AND ASSISTS IN THE CREATION AND EXPANSION OF BUSINESS IN THE AREA. THE EDC SUPPORTS THE COUNTY'S INDUSTRIAL DEVELOPMENT AUTHORITY (IDA) BY PROVIDING STAFF AND ADMINISTRATIVE SUPPORT. THE IDA IS A DIVISION OF STATE GOVERNMENT AND IS RESPONSIBLE FOR THE ISSUANCE OF TAX EXEMPT DEVELOPMENT BONDS FOR AREA PROJECTS.
NTEE category: Community Improvement & Capacity Building
Secondary category: Housing & Shelter