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action grant

American

noun

funds awarded by the federal government on a competitive basis to cities that submit plans for urban development and are able to show that such plans have the cooperation and endorsement of private investors.

Example Sentences

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In order to convince Levi Strauss to locate at Gluckstadt, Wallace and other officials first had to secure an urban development action grant.

From Washington Times • Jul. 20, 2015

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023