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<br />i <br />4859-6924-4449\6 <br />TABLE OF CONTENTS <br />Preface and Acknowledgements ...................................................................................................... i <br />Introduction to Local Economic Development Organizations ........................................................1 <br />Business Organizations ........................................................................................................1 <br />Development Corporations ..................................................................................................1 <br />Government Organizations ..................................................................................................2 <br />Formation and Operation of an Economic Development Authority ................................................4 <br />Reasons for Forming an EDA ..............................................................................................4 <br />Procedures for Establishing an EDA ...................................................................................4 <br />Board of Commissioners of EDA ........................................................................................7 <br />Officers, Duties and Organizational Issues ..........................................................................9 <br />Powers of EDAS ............................................................................................................................16 <br />General Powers and Purposes ............................................................................................16 <br />Specific Powers ..................................................................................................................17 <br />Financing and Bonding Powers .........................................................................................25 <br />Limitation of Powers ..........................................................................................................27 <br />Glossary .........................................................................................................................................29 <br />Tables .............................................................................................................................................32 <br />Sample Job Description .................................................................................................................37 <br />