Definition A corporation established to develop economic programs and provide financial support for a community.

locally based nonprofit organizations that work to help the residents of impoverished areas to improve their quality of life. Such organizations exist in virtually every major urban area of the United States today and in some rural communities as well. CDCs provide residents with a variety of different benefits, including developing and managing af [..]

A geographically based non-profit organization that provides services and programming to benefit, empower, and promote its community.

Non-profit-orientated company undertaking development for community benefit. American concept similar to the UK's development trust. Development trust    

A non-profit organization serving a specific neighborhood or neighborhoods. CDCs support improvements that benefit neighborhood residents, often focusing on serving lower-income areas. CDC can be involved in many areas including job and business creation, education, affordable housing development, neighborhood planning projects, providing services [..]