Land banks are municipally-owned banks that gather land parcels of developable land, and its resources to meet determined goals and objectives. Leveraging means of multiplying the availability of funds for economic development or community development programs by providing a certain amount of funds to lure in a larger amount of private funds. Credit provided to microenterprises who have had difficulty gaining access to credit. Microcredit programs provide very small loans to new entrepreneurs. Banks ordinarily do not make loans this small.
Monitoring is the tracking of the performance or outcomes of a project.
Morgtage is a transfer of rights to a piece of property usually as security for the payment of a loan or debt that becomes void when the debt is paid. One stop business service centers focus on reforming licensing and permitting regulations and are facilities where business persons can go to obtain the licenses and permits needed to start-up, operate and expand their facilities. These centers improve the local business environment while reducing the number of separate agencies and offices a business must apply to for various licenses and permits, saving public and private time and financial resources. Seed capital refers to financing obtained by a company before it has completed developing a prototype of its product. Similar to venture capital, but occurs at the pre-production stage.