Establishment & Function
Established in 1981, the Cleveland Citywide Development Corporation (CCDC) was originally formed with the sole purpose of advancing, encouraging, and promoting the industrial, economic, commercial, and civic development of the City of Cleveland. Today, managed by its Board of Trustees, the Corporation continues to serve that purpose, as well as promoting and assisting with the growth and development of businesses, including small businesses, addressing business concerns, and employing financial and technical assistance to ensure resources are reaching underserved neighborhoods.
In addition, CCDC serves as the approval authority for the
City of Cleveland Department of Economic Development loans and grants under
$250,000 pursuant to Cleveland City Ordinance No. 90-10. For loans over
$250,000, CCDC reviews loan requests approved by City administration and
financed by the Department of Economic Development, and provides recommendation
to Cleveland City Council. CCDC also assists the City in implementing several
programs through the Mayor’s Neighborhood Transformation Initiative, including
the Cleveland Impact Fund, Housing Development Fund, Retail Incubator Program,
and a partial scholarship program offered through We Can Code IT.
CCDC supports the development of future economic development
professionals through an internship program where interns are funded by CCDC
and placed in the Department of Economic Development. From time to time, interns have been placed
in other City of Cleveland departments where an economic impact can be made
through their placement. CCDC also
provides training funds to the City of Cleveland Department of Economic
Development to ensure staff are updated on the most effective tools for
Board & Oversight
Of the CCDC Board of Trustees and Loan Review Committee members, 40% are elected or appointed officials appointed by the Mayor, with the balance of the members appointed through a nominating committee process. The team includes community representatives that include bankers, finance professionals, and community development professionals as well as elected or appointed City officials. City Departments of Economic Development, Community Development, and Office of Equal Opportunity are all represented on the Board, as well as Cleveland City Council.