Rural Virginia Development Foundation: The Making of an Institution

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The publication describes the process which created the Rural Virginia Development Foundation and the potential contribution it holds for the agricultural sector of Virginia's economy and for the state's rural communities. Following an introduction, Part II provides background, operating assumptions, and principal justification for the Foundation; summarizes other states' experiences in dealing with economic development problems; describes features of industrial development corporations, certified (community) development corporations, state development authorities, and capital corporations; and reports results of surveys conducted in the state designated to gauge the extent of support for the proposed Foundation. Part III outlines the objectives and proposed structure of the Foundation. The final section addresses the interrelationships among university, state government, and private sector entities which are viewed as essential foundations of creative state economic policy. Appendices present the text of enabling legislation, members and terms of the Foundation's board of trustees, and the feasibility study joint resolution request.