Glossary

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    Business Recovery Survey: This survey was used to understand and assess the most pressing needs of the business community amid the COVID-19 pandemic.

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    Community Development Corporation (CDC): A CDC is a nonprofit, community-based organization focused on revitalizing the areas in which it is located.

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    Disadvantaged Business Enterprise (DBE): DBE's are for-profit businesses where socially and economically disadvantaged individuals own at least a 51% interest and also control management and daily business operations.

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    Female Business Enterprise (FBE): An FBE is a for-profit business that is at least 51% owned and controlled by one or more women.

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    Foreign Direct Investment (FDI): FDI is an investment in the form of a controlling ownership in a business in one country by an entity based in another country.

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    Job Hubs: Job hubs are specific places of concentrated economic activity in a region.

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    Middle-Market Companies: $10 million to $100 million in revenue or 30 to 300 employees.

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    Polymer Cluster Feasibility Study: A study conducted to better understand if Greater Akron’s polymer cluster represents one of the best opportunities to propel the region’s economy onto a new trajectory over the next decade.

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    Scale-Up Firms: A company that grows consistently and sustainably (e.g., 20 percent revenue growth per year) for firms that already have significant market acceptance (i.e. revenues).