Billions of taxpayer dollars are spent every year to stimulate economic development. Is it going where we think it’s going?
Local hire policies are among the strongest strategies for bringing good job opportunities to disadvantaged communities, but adding more provisions to specifically target those with the most barriers to employment can make local hiring practices even more effective.
Corporate incentives won’t help communities thrive, even distressed ones. But nurturing local businesses will save municipalities money and promote the growth of income, wealth, and jobs.
What local government can do to support new, more inclusive economic models.
Advocates, city leaders, and Under Armour’s real estate arm negotiate a $660 million tax deal and a vision for economic development in Baltimore.
CBAs can be extremely difficult to implement and enforce, which is why a detailed agreement in the early stages of the community-developer relationship is so important.
A Chicago organization is bringing together local businesses and large institutions to promote economic growth.
B Corps are for-profit businesses that focus strongly on their social and environmental impact. The movement has grown to 1,800-plus worldwide and now cities, economic authorities, and activists are trying to attract more of these mission-driven and worker-friendly companies to help spur economic growth.
New Communities Inc. was the largest African-American owned parcel of land in the United States the late 1960s. For more than 15 years, it survived attempts at sabotage and other challenges thanks to the collective efforts of as many as 500 families.
Advocates and organizers who deal with the needs of the poor often say it’s not really a housing/food/training issue, it’s an income issue. So what would happen if we just addressed income?
Big companies discovered the long-stagnant Immigrant Investor Program EB-5 after the 2008 financial crisis. Can community developers bend the program toward their goals too?
Rubinger was at LISC’s founding and from 1999 to June 2016, he headed the organization, steering it most recently on a path toward comprehensive community development rather than just housing work.
A. Not very much. Despite the claims of many states, when you look at the numbers, the vast majority of taxpayer dollars directed to economic development go to big corporations.