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Staff explains EDC/CDC powers; pioneer grants and monument signage planned
Summary
Town staff told council that Northlake’s EDC currently can operate with Type B authority under a 2011 ordinance, summarized the pioneer grant program for retail/restaurant recruitment and described a planned entry monument sign project with initial funding split between the EDC and CDC.
Town staff told the council the state authorizes two types of development corporations — Type A (classic economic development focused on primary job creation) and Type B (which may also fund recreational and community projects) — and that, due to population thresholds and a 2011 council ordinance, Northlake’s EDC may operate with Type B…
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