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It was incorporated in October 1998 as a Type A Corporation and is funded by a portion (1/2 cent) of the local sales tax revenue. The Type A sales tax is primarily intended for manufacturing and industrial development. 

EDC's may use Type A revenue to fund land, buildings, equipment, facilities expenditures, targeted infrastructure and improvements for projects including:

• manufacturing and industrial facilities, recycling facilities, distribution centers, and small warehouse facilities;

• research and development facilities, regional or national corporate headquarters facilities, primary job training facilities operated by higher education institutions, job training classes, telephone call centers and career centers not located within a junior college taxing district;

• certain infrastructure improvements that promote new or expanded business enterprises;

• aviation facilities;

• commuter rail, light rail or commuter bus operations;

• port-related facilities, rail ports, rail switching facilities, marine ports, inland ports; and

• maintenance and operating costs associated with projects.

It was incorporated in October 1998 as a Type B Corporation and is funded by a portion (1/2 cent) of the local sales tax revenue.  Type B coporations may pay for land, buildings, equipment, facilities, targeted infrastructure and improvements for:

• professional and amateur sports and athletic facilities, tourism and entertainment facilities, convention facilities and public parks;

• ·related store, restaurant, concession, parking and transportation facilities;

• ·related street, water and sewer facilities; and

• affordable housing.

To promote and develop new and expanded business enterprises that create or retain primary jobs, a Type B EDC may fund:

• public safety facilities;

• recycling facilities;

• streets, roads, drainage and related improvements;

• demolition of existing structures;

• general municipally owned improvements; and

• maintenance and operating costs associated with projects.