The Center City Development
Corporation (CCDC) is a nonprofit entity with a nine-member volunteer
board, including the chair, vice chair, and secretary of the DMC Board,
and six others appointed by the Downtown Memphis Commission.
Chartered by the City of Memphis, Shelby County, and the State of
Tennessee, the CCDC promotes redevelopment and combats deterioration in
the Central Business Improvement District (CBID). Additionally, the CCDC
acts to expand employment opportunities, increase personal income,
establish and finance business ventures, coordinate governmental
planning, promote housing development, and promote the common good and
general welfare of the Core City.
The CCDC acts as a developer for key Downtown projects and offers
low-interest development loans to property owners who renovate,
redevelop, or stabilize properties in the CBID.