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Item 3 KALAMAZOO COUNTY BROWNFIELD REDEVELOPMENT AUTHORITY MEETING DATE: Thursday, April 28, 2022 PLACE OF MEETING: 201 W. Kalamazoo Ave. Kalamazoo, MI 49007 Room 207A TIME: 3:00 pm KCBRA & EDC Annual
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An economic development corporation is a nonprofit entity designed to promote and facilitate economic growth in a specific community or region through various initiatives and projects.
Typically, a variety of stakeholders, including businesses, government entities, and organizations involved in economic development efforts, may be required to file annual reports or documentation related to economic development corporations.
To fill out the forms for an economic development corporation, one typically needs to provide detailed information about the organization's activities, financial performance, and goals, along with any required disclosures as specified by governing authorities.
The primary purpose of an economic development corporation is to stimulate economic growth, create jobs, and enhance the overall economic welfare of the community by attracting investments and supporting local businesses.
Required information generally includes financial statements, details on funded projects, a list of board members, compliance with regulations, and updates on organizational goals and achievements.
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