The purposes for which the South Charleston Development Authority is created are to promote, develop and advance the business prosperity and economic welfare of the City, its citizens and its industrial complex; to encourage and assist through loans, investments or other business transactions in the locating of new business and industry within the City and to rehabilitate and assist existing businesses and industries; to stimulate and promote the expansion of all kinds of business and industrial activity which will tend to advance business and industrial development and maintain the economic stability of the City and provide maximum opportunities for employment within the City; to cooperate and act in conjunction with other organizations in the promotion and advancement of industrial, commercial and recreational developments within the City; and to furnish money and credit, land and industrial sites, technical assistance and such other aid as may be deemed requisite to approved and deserving applicants for the promotion, development and conduct of all kinds of business activity within the City. (Ord. 2040. Passed 2-19-04.)