New York State Urban Development Corporation Agency History Record.
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New York State Urban Development Corporation
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CURRENT FUNCTIONS. The Urban Development Corporation (UDC) is a public finance and development authority that initiates and assists in a broad range of development projects. UDC's overall goal is to create and retain jobs, particularly in economically distressed areas and in circumstances where it is not financially or organizationally feasible for the private sector to do so alone. To accomplish this, the State legislature has provided UDC with unique statutory powers, ...
