Thought Leadership

  The terms ‘IDA’ and ‘EDA’ are often used interchangeably, but whatever the locality calls them, they are economic conduits for business recruitment and expansion in their city or county. These non-profit authorities are charged with building and diversifying both employment and the locality’s tax base. Virginia Community Capital works with municipalities to spur economic development by lending to their development authorities. In our work across Virginia, we’ve found some authority leaders are unaware of …