The City of Princeton Economic Development Corporation is comprised of seven Board Members and receives funds from a half-cent sales tax collected for economic development.
The purposes for which the Corporation is organized and may issue or incur bonds or other obligations on behalf of the City include the promotion, development, and expansion of commercial, industrial, manufacturing, and business enterprises to create jobs and also to promote and encourage employment and public welfare. The corporation owns a 108 acre Business Park zoned for industrial and business use, offering a prime location for business.