The corporation may:
(1) own or operate a program authorized by this chapter;
(2) perform any act necessary to the full exercise of the corporation's powers;
(3) accept a grant or loan from a:
(A) department or agency of the United States;
(B) department, agency, or political subdivision of this state; or
(C) public or private person;
(4) employ any necessary personnel, who shall be employees of the municipality;
(5) adopt rules to govern the operation of the corporation and its employees and property; and
(6) contract or enter into a memorandum of understanding or a similar agreement with a public or private person, including local workforce development boards or any political subdivision, in connection with a program authorized by this chapter.