Course glossary
During lectures you will learn new words. Using this link you are welcome to add them to our "course glossary", so that other students will be able to see them and learn. Let's make our own useful glossary and help each other to learn new words! By the way, there are already some worlds which should be familiar for you till the end of the course, try to cover them when you mill have free time.
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
A |
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Assessed Valuationthe monetary worth of a property for the purposes of taxation. Total assessed valuation denotes the sum of the monetary worth of all taxable properties within a jurisdiction. | |
B |
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Base Industryalso known as “export” or “primary” industries, base industries sell or export their products and services outside the community and bring new dollars into the community, increasing the total dollars that circulate within the community and that are spent on non-base industries. | |
Bonda certificate of debt issued by a government or corporation guaranteeing payment of the original investment plus interest by a specified future date. | |
Business Climateenvironment of a given community that is relevant to the operation of a business; usually includes tax rates, attitudes of government toward business, and availability. | |
Business Creationeconomic development strategy that focuses on encouraging the formation of new companies that are locally based and will remain in the community and grow. | |
Business Incubatorentity that nurtures and supports young companies until they become viable, providing them with affordable space, technical and management support, equity and long-term debt financing, and employment. The three basic objectives in creating an incubator are (1) to spur technology-based development; (2) to diversify the local economy; and (3) to assist in community revitalization. | |
C |
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Capacity Buildingdeveloping the ability of a community-based neighborhood organization to effectively design economic development strategies through technical assistance, networks, conferences, and workshops. | |
CBDthe central business district of a locality. Usually this is an area with the highest concentration of businesses, including financial institutions, shops, offices, theaters, and restaurants. | |
Certified and Preferred Lenders ProgramU.S. Small Business Administration program that encourages highly active and expert lenders to provide funds to borrowers. | |