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This authority is a financing conduit for industrial development bonds, Small Business Administration (SBA) loans, and other economic incentive programs. Staff support and management is provided by the Allentown Economic Development Corp. (AEDC). The authority meets as needed. It is organized under state statute, where City Council is the appointing authority, but where under the administrative code, council has delegated its power to appoint to the Mayor and has reserved the right of advice and consent only. Member Requirements: 5 Members Term Limits: Staggered 5 year terms