A ________ is a nonprofit organization licensed by the SBA and designed to promote economic growth in local communities.
A)FDC
B)CDC
C)GDC
D)RDC

Question

Quizplus · Accepted Answer

CDC stands for Community Development Corporation. These are nonprofit organizations that focus on promoting economic development and job creation within their respective communities. They are licensed by the Small Business Administration (SBA) and typically offer financing, counseling, and other resources to small businesses in their area to help them grow and thrive. FDC, GDC, and RDC are not commonly used acronyms in this context.

A ________ Is a Nonprofit Organization Licensed by the SBA