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Applying the Community Development Corporation (CDC) Concept to the Funding of Small Business in Today's Environment

Applying the Community Development Corporation (CDC) Concept to the Funding of Small Business in... This paper explains the concept of the Community Development Corporation (CDC), the primary purpose of which is to help small businesses create jobs by providing initial funding along with technical and managerial advice in geographic areas that are economically depressed. A typical Community Development Corporation is used to demonstrate the actual operation of this concept in a rural environment focusing on the improvement of the Corporation's methodology of defining activities, operations, and flow charts. Adjustments in one of these activities precipitates significant improvements in other CDC operations and in the ability of a CDC-aided business to succeed over the long term. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Small Business SAGE

Applying the Community Development Corporation (CDC) Concept to the Funding of Small Business in Today's Environment

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Publisher
SAGE
Copyright
© 1978 SAGE Publications
ISSN
0363-9428
eISSN
1540-6520
DOI
10.1177/104225877800200302
Publisher site
See Article on Publisher Site

Abstract

This paper explains the concept of the Community Development Corporation (CDC), the primary purpose of which is to help small businesses create jobs by providing initial funding along with technical and managerial advice in geographic areas that are economically depressed. A typical Community Development Corporation is used to demonstrate the actual operation of this concept in a rural environment focusing on the improvement of the Corporation's methodology of defining activities, operations, and flow charts. Adjustments in one of these activities precipitates significant improvements in other CDC operations and in the ability of a CDC-aided business to succeed over the long term.

Journal

American Journal of Small BusinessSAGE

Published: Jan 1, 1978

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