§ 158-13. Powers and duties.
§ 158‑13. Powers and duties.
Any economic development commission created pursuant to this Articleshall:
(1) Receive from any municipal, county, joint, or regionalplanning board or commission with jurisdiction within its area an economicdevelopment program for part or all of the area;
(2) Formulate projects for carrying out such economicdevelopment program, through attraction of new industries, encouragement ofexisting industries, encouragement of agricultural development, encouragementof new business and industrial ventures by local as well as foreign capital,and other activities of a similar nature;
(3) Conduct industrial surveys as needed, advertise inperiodicals or other communications media, furnish advice and assistance tobusiness and industrial prospects which may locate in its area, furnish adviceand assistance to existing businesses and industries, furnish advice andassistance to persons seeking to establish new businesses or industries, andengage in related activities;
(4) Encourage the formation of private business developmentcorporations or associations which may carry out such projects as securing andpreparing sites for industrial development, constructing industrial buildings,or rendering financial or managerial assistance to businesses and industries;furnish advice and assistance to such corporations or associations;
(4a) Use grant funds to make loans for purposes permitted by thefederal government, by the grant agreement and in furtherance of economicdevelopment; the economic development commission may delegate to anotherorganization or agency the implementation of the grant's purposes, subject toapproval by the federal agency involved and the commission's board ofdirectors.
(5) Carry on such other activities as may be necessary in theproper exercise of the functions described herein. (1961, c. 722, s. 2; 1979, c. 775.)