The Economic Development Corporation consists of seven members and is organized on behalf of the City of Orange for the public purposes of promoting community improvement and economic development of new and expanded business enterprises within the City and the State of Texas. The corporation provides and encourages employment in the furtherance of the public welfare of, for, and on behalf of the City by developing, implementing, providing, and financing projects under the Development Corporate Corporation Act of 1979 and as defined in Section 4B of the Act.