A(n)________ 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

A CDC (Community Development Corporation) is a nonprofit organization that is licensed by the SBA (Small Business Administration) and is designed to promote economic growth in local communities. CDCs provide a variety of services to help small businesses, including access to capital, technical assistance, and training programs. They also work to revitalize neighborhoods and create jobs by supporting local economic development initiatives. Therefore, option B is the correct answer.

A(n)________ Is a Nonprofit Organization Licensed by the SBA and Designed