Coastal Area District Development Authority, Inc.; congratulate
Impact
The resolution highlights CADDA's substantial contributions over the years, which include funding over 1,300 small business loans and investing more than $526 million in local communities. This initiative has reportedly resulted in the creation and retention of over 9,300 jobs. By recognizing CADDA's efforts, the resolution underscores the importance of community support and collaboration in driving economic development.
Summary
SR919 is a Senate Resolution that aims to congratulate and commend the Coastal Area District Development Authority, Inc. (CADDA) on the occasion of its 50th anniversary. Established in 1976, CADDA is a non-profit organization focused on improving economic conditions through development lending programs to small businesses and industries in Georgia and surrounding areas. The resolution acknowledges the significant role CADDA has played in fostering economic growth and job retention within the region.
Contention
While SR919 is largely celebratory in nature, it serves to reflect on the vital work of organizations like CADDA in supporting local economies. The resolution expresses a communal sentiment, showing that such organizations foster partnership among local lenders, entrepreneurs, and community leaders, which can be crucial for ongoing economic vitality in the region. There are no opposing viewpoints noted within the text of the resolution, as it primarily focuses on commendation.
Relating to the creation of industrial development districts in certain counties; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.