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Economic Development Incentives
An economic development incentive can be strictly defined as “cash or near-cash assistance provided on a discretionary basis to attract or retain business operations. In practice, however, it is a broadly used term denoting an array of benefits designed to promote new business activity or to encourage business or job retention. These benefits principally encompass tax and economic incentives provided by federal, state or local governmental bodies. Other entities, such as utilities and non-profits, can also make incentives available for these purposes. They accord the recipient, in some manner, a monetary benefit (i.e., tax incentives) or an in-kind benefit (e.g., state regulatory releases of environmental liability, municipal infrastructure improvements). Private enterprises, including individuals, are generally the ultimate beneficiary of economic development incentives. Depending on the incentive in question, other qualified parties are eligible to receive them, as in the case of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghetto
A ghetto, often called ''the'' ghetto, is a part of a city in which members of a minority group live, especially as a result of political, social, legal, environmental or economic pressure. Ghettos are often known for being more impoverished than other areas of the city. Versions of the ghetto appear across the world, each with their own names, classifications, and groupings of people. The term was originally used for the Venetian Ghetto in Venice, Italy, as early as 1516, to describe the part of the city where Jewish people were restricted to live and thus segregated from other people. However, early societies may have formed their own versions of the same structure; words resembling ''ghetto'' in meaning appear in Hebrew, Yiddish, Italian, Germanic, Old French, and Latin. During the Holocaust, more than 1,000 Nazi ghettos were established to hold Jewish populations, with the goal of exploiting and killing the Jews as part of the Final Solution. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Development
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for far longer. " Modernization", "Westernization", and especially "industrialization" are other terms often used while discussing economic development. Historically, economic development policies focused on industrialization and infrastructure; since the 1960s, it has increasingly focused on poverty reduction. Whereas economic development is a policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development". Economists primarily focus on the g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income). The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue Bond
A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax. Unlike general obligation bonds, only the revenues specified in the legal contract between the bond holder and bond issuer are required to be used for repayment of the principal and interest of the Bond (finance), bonds; other revenues (notably tax revenues) and the general credit of the issuing agency are not so encumbered. Because the pledge of security is not as great as that of general obligation bonds, revenue bonds may carry a slightly higher interest rate than G.O. bonds; however, they are usually considered the second-most secure type of municipal bonds. Purpose Revenue bonds may be issued to construct or expand upon various revenue-generating entities, including: * Water industry, Water and Sewage treatment, Wastewater (Sewer) public utility, u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Promotion Agency
An investment promotion agency (IPA) is most often a government agency (or occasionally a non-profit organization functioning similar to a chamber of commerce or business consulting corporation) whose mission is to attract investment to a country, state, region or city. They do this through the use of marketing activities by creating awareness about a location as an attractive destination for investment Generally, IPAs have four core functions: image building of FDI hosting country, investment generation, project management and aftercare services. While IPAs play an important role in attracting investment to developed countries some IPAs have additional advocacy function. The IPA does this by introducing investors with local suppliers (raw materials or other inputs); providing useful statistical data and business information such as macroeconomic indicators (GNP, GDP, HDI, inflation etc.), labor productivity, average wages, attractive sectors of domestic economy; practical support l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Increment Financing
Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been designated to be in need of economic revitalization. Similar or related value capture strategies are used around the world. Through the use of TIF, municipalities typically divert future property tax revenue increases from a defined area or district toward an economic development project or public improvement project in the community. TIF subsidies are not appropriated directly from a city's budget, but the city incurs loss through forgone tax revenue. The first TIF was used in California in 1952. By 2004, all U.S. states excepting Arizona had authorized the use of TIF. The first TIF in Canada was used in 2007. This model has been heavily criticized by Libertarian-Conservat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Increment Reinvestment Zone
A tax increment reinvestment zone (TIRZ) is a political subdivision of a municipality or county in the state of Texas created to implement tax increment financing. They may be initiated by the city or county or by petition of owners whose total holdings in the zone consist of a majority of the appraised property value. Background With federal and state sources for redevelopment generally less available, local governments have been forced to find other ways to subsidize improvement projects in their localities, without directly raising taxes. One of the tools many states use to take up the slack by lack of federal and state funding is Tax Increment Financing (TIF), which is a public financing method used for redevelopment and community improvement projects for more than 50 years. Texas utilizes TIF by creating tax increment reinvestment zones (TIRZs) which may be initiated by the city or county or by petition of owners whose total holdings in the zone consist of a majority of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urban Decay
Urban decay (also known as urban rot, urban death or urban blight) is the sociological process by which a previously functioning city, or part of a city, falls into disrepair and decrepitude. There is no single process that leads to urban decay which is why it can be hard to encapsulate its magnitude. Urban decay can include the following aspects: * Deindustrialization * Depopulation * Counterurbanization * Economic Restructuring * Abandoned buildings or infrastructure * High local unemployment * Increased poverty * Fragmented families * Low overall living standards or quality of life * Political disenfranchisement * Crime * Elevated levels of pollution * Desolate cityscape known as greyfield land or urban prairie Since the 1970s and 1980s, urban decay has been a phenomenon associated with some Western cities, especially in North America and parts of Europe. Cities have experienced population flights to the suburbs and exurb commuter towns; often in the form of white ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urban Renewal
Urban renewal (also called urban regeneration in the United Kingdom and urban redevelopment in the United States) is a program of land redevelopment often used to address urban decay in cities. Urban renewal involves the clearing out of blighted areas in inner cities to slum clearance, clear out slums and create opportunities for higher class housing, businesses, and other developments. A primary purpose of urban renewal is to restore economic viability to a given area by attracting external private and public investment and by encouraging business start-ups and survival. It is controversial for its eventual Forced displacement, displacement and Destabilisation, destabilization of low-income residents, including African Americans and other marginalized groups. Historical origins Modern attempts at renewal began in the late 19th century in developed nations, and experienced an intense phase in the late 1940s under the rubric of Reconstruction (architecture), reconstruction. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Timothy J
Timothy is a masculine name. It comes from the Greek name ( Timόtheos) meaning "honouring God", "in God's honour", or "honoured by God". Timothy (and its variations) is a common name in several countries. People Given name * Timothy (given name), including a list of people with the name * Tim (given name) * Timmy * Timo * Timotheus * Timothée Surname * Christopher Timothy (born 1940), Welsh actor. * Miriam Timothy (1879–1950), British harpist. * Nick Timothy (born 1980), British political adviser. Mononym * Saint Timothy, a companion and co-worker of Paul the Apostle * Timothy I (Nestorian patriarch) Education * Timothy Christian School (Illinois), a school system in Elmhurst, Illinois * Timothy Christian School (New Jersey), a school in Piscataway, New Jersey Arts and entertainment * "Timothy" (song), a 1970 song by The Buoys * ''Timothy Goes to School'', a Canadian-Chinese children's animated series * ''Timothy'' (TV film), a 2014 Australian television comedy * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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