Local Development Corporations (LDCs) are a little-known creation of local government enabling counties, cities, towns and villages to play a new role in economic development.
Similarly, it is asked, what is a Mayoral Development Corporation?
A Mayoral Development Corporation (MDC) is a statutory body created to bring forward the regeneration of a defined area. They have powers to acquire, develop, hold, and dispose of land and property. They also have powers to facilitate the provision of infrastructure.
Also Know, what does CDC mean in real estate?
A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDCs usually serve a geographic location such as a neighborhood or a town.
What are development corporations?
Development corporations or development firms are organisations established by governments in several countries for the purpose of urban development. They often are responsible for the development of new suburban areas or the redevelopment of existing ones.
What did the LDDC do?
London Docklands Development Corporation. The London Docklands Development Corporation (LDDC) was a quango agency set up by the UK Government in 1981 to regenerate the depressed Docklands area of east London.