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Economic Development
The City of
Clifton Economic Development Corporation (CEDC), formed in
1998, has as its mission to promote, encourage, and enhance
the creation of jobs and expansion of the local tax base
through projects which assist in the retention and expansion
of existing businesses and which attract new businesses by
offering aid in their development and growth.
Operating under
Section 4B of the Development Act of 1979, the corporation
is an arm of the City and was approved by the voters of
Clifton for its creation. It is operated by a seven-member
board appointed by the Clifton City Council. The CEDC is
funded by collection of 4B sales tax by the state, which is
then rebated back to the city for use in community
development under the general guidelines set forth by the
state.
Over the years,
the corporation has developed grants for the City
government, the Clifton Chamber of Commerce, the Nellie
Pederson Civic Library, the Clifton Main Street Program, the
Bosque Conservatory, Cross Creek Furniture, and a new Best
Western motel to be completed in 2005.
For demographic
information about the City of Clifton, as compiled and
maintained by the Economic Development Corporation, please
see the following pages:
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