AARC Development
Regional councils are frequently referred to as "development
districts." This term often is derived from a fundingprogram.
For example, in Alabama, there are eight (8) regional councils
designated as Appalachian Regional Commission "Local Development
Districts" and nine (9) are designated as Economic Development
Administration "Economic Development Districts." The
term "economic development" includes planning, preparing
applications, and implementing projects and programs to promote
tourism, foster industrial development, increase commercial
vitality, and enhance all related services and facilities
which influence the economic growth and vitality of the region
or state.
The term "community development" includes planning,
preparing applications for and implementing projects and programs
to improve living conditions, rehabilitate residences, eradicate
slums and blight, develop new housing opportunities, and provide
the necessary basic services and facilities to create attractive
communities throughout the region and state. The twelve (12)
regional councils secure Community Development Block Grants
worth millions annually to fund local projects addressing
these issues.
Most regional councils work with local governments on Economic
Development Administration Grants, Community Development Block
Grants, U.S. Department of Housing and Urban Development Housing
Programs; the U.S. Department of Agriculture, Rural Development
and similar programs designed to stimulate economic growth
and improve quality of life. These programs have made a major
impact on the economy of numerous municipalities and counties
throughout the state. Today, housing opportunities have been
expanded and utilities in many Alabama communities have been
expanded and/or updated to meet the needs of the local people
and to provide the services and facilities required to attract
new development and promote business expansions.
Several regional councils have initiated Revolving Loan Funds
(RLF) that are designed to assist new and/or expanding businesses.
The RLF is focused on the difference in an entrepreneur's
financing and what is needed to make the deal work. Gap financing
through an RLF assists in making a deal reality and thereby
creating new employment opportunities.
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