Definition of Community Development Corporation (CDC)

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TeachMeFinance.com - explain Community Development Corporation (CDC)



Community Development Corporation (CDC)

The term 'Community Development Corporation (CDC) ' as it applies to the area of agriculture can be defined as ' Tax-exempt, non-profit organizations whose primary mission is the economic and social revitalization of distressed urban and rural areas. A CDC is a community-based organization carrying out its activities within a geographically defined area. CDCs may support or undertake such activities as housing development and rehabilitation, job training and counseling, and business development activities'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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