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Local Development Finance Authority Regular Meeting Agenda Monday, March 18, 2013 4:00 p.m., Council Chambers South Haven City Hall City of South Haven 1. Call to Order 2. Roll Call Chairman Art Bolt,
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What is local development finance authority?
Local development finance authority (LDFA) is a governmental entity created by state law to promote economic development and provide financial assistance to eligible businesses and projects within a specified area.
Who is required to file local development finance authority?
The local development finance authority does not require any specific entity or individual to file. However, eligible businesses and projects may apply for financial assistance from the local development finance authority.
How to fill out local development finance authority?
Filling out the local development finance authority application typically involves providing detailed information about the business or project, including financial statements, project plans, and expected economic impact. Specific requirements may vary depending on the jurisdiction.
What is the purpose of local development finance authority?
The purpose of the local development finance authority is to spur economic growth, create jobs, and attract new businesses to the designated area. It aims to provide financial assistance, such as loans or grants, to eligible projects that align with the overall economic development goals.
What information must be reported on local development finance authority?
The information to be reported on the local development finance authority typically includes financial data, project details, employment projections, and expected economic impact. Additionally, the authority may require periodic reporting to track the progress and outcomes of projects that receive financial assistance.
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