A Local Development Corporation (LDC) is a nonprofit organization focused on promoting economic growth and community development within a specific area. LDCs often work to improve local infrastructure, support small businesses, and create job opportunities. They may also engage in planning and development projects that enhance the quality of life for residents. LDCs typically collaborate with various stakeholders, including local governments, community groups, and private sector partners. By leveraging resources and expertise, they aim to address local challenges and foster sustainable development. Their initiatives can include affordable housing, workforce training, and revitalization of public spaces.