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The recession and concerns over industrial competitiveness in the
1980s generated public concern with job retention and creation,
leading to state and local programs designed to stimulate local
economic development. As a new, rapidly growing field, local
economic development literature proliferated, but has not provided
a comprehensive source for the field. Several questions are of
particular concern: What are the major financing mechanisms for
economic development? How do they actually work? How does one
evaluate their effectiveness? Financing Economic Development is a
comprehensive resource which describes the major mechanisms
available for financing economic development. The chapters describe
financing tools or programs in some detail; provide one or more
examples of how they work; classify the tool according to various
approaches; and come to an evaluative conclusion about the utility
and effectiveness of the mechanism for economic development. A
documentation of institutional innovation by state and local
government, this volume shows how governments--across the United
Statesuare working with private sector financiers, thereby allowing
private intermediaries to invest in new enterprises. With
contributions by highly qualified practitioners and academics, this
volume is appropriate for professionals as well as for upper
division undergraduate and graduate students in urban studies,
public administration, and policy studies. "The book provides
useful information by presenting a considerable number of
institutional arrangements and showing the immense variety of
approaches to economic development on the state and local level.
The latter aspect is particularly fascinating for readers from
countries with a less fragmented government than the United
States." --Journal of Evolutionary Economics "Although there have
been a plethora of publications on economic development, this book
is a useful addition to the body of literature on the subject. The
book provides some useful examples and case studies of
private-sector participation, which, of course, is the goal of most
economic development programs." --Government Finance Review
The recession and concerns over industrial competitiveness in the
1980s generated public concern with job retention and creation,
leading to state and local programs designed to stimulate local
economic development. As a new, rapidly growing field, local
economic development literature proliferated, but has not provided
a comprehensive source for the field. Several questions are of
particular concern: What are the major financing mechanisms for
economic development? How do they actually work? How does one
evaluate their effectiveness? Financing Economic Development is a
comprehensive resource which describes the major mechanisms
available for financing economic development. The chapters describe
financing tools or programs in some detail; provide one or more
examples of how they work; classify the tool according to various
approaches; and come to an evaluative conclusion about the utility
and effectiveness of the mechanism for economic development. A
documentation of institutional innovation by state and local
government, this volume shows how governments--across the United
Statesuare working with private sector financiers, thereby allowing
private intermediaries to invest in new enterprises. With
contributions by highly qualified practitioners and academics, this
volume is appropriate for professionals as well as for upper
division undergraduate and graduate students in urban studies,
public administration, and policy studies. "The book provides
useful information by presenting a considerable number of
institutional arrangements and showing the immense variety of
approaches to economic development on the state and local level.
The latter aspect is particularly fascinating for readers from
countries with a less fragmented government than the United
States." --Journal of Evolutionary Economics "Although there have
been a plethora of publications on economic development, this book
is a useful addition to the body of literature on the subject. The
book provides some useful examples and case studies of
private-sector participation, which, of course, is the goal of most
economic development programs." --Government Finance Review
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