Type A and B Economic Development Corporations
Type A EDCs — Developing Industries
Type A Economic Develpment Corporations are typically created to fund industrial development projects, such as business infrastructure, manufacturing and research and development. Type A EDCs can also fund military base realignment, job training classes and public transportation.
Type B EDCs
Type B EDCs can fund all projects eligible for Type A, as well as parks, museums, sports facilities and affordable housing. However, Type B EDCs are subject to more administrative restrictions than Type A.
Source: Texas Ahead for additional information
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