Promoting Economic Development in America's Inner Cities with Federal Contracting Incentives PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Promoting Economic Development in America's Inner Cities with Federal Contracting Incentives PDF full book. Access full book title Promoting Economic Development in America's Inner Cities with Federal Contracting Incentives by Guy A. Torres. Download full books in PDF and EPUB format.
Author: Guy A. Torres Publisher: ISBN: 9781423566847 Category : Enterprise zones Languages : en Pages : 117
Book Description
For over 30 years, the United States has faced the challenge of revitalizing its deteriorating urban communities. Throughout the 1980s and early 1990s, U.S. policymakers have shown an interest in geographically targeted urban economic development strategies, specifically in the form of Enterprise Zones. Now renamed Empowerment Zones, these are sections of poverty stricken communities in which the Government hoped to promote economic development by providing businesses with incentives to locate in the zones. These Empowerment Zones primarily used tax incentives to convince businesses to relocate. Studies revealed that this approach to attracting businesses to the targeted region has met with minimal success. In the past two years, U.S. policymakers have proposed two initiatives that use the Federal procurement system as a means to inoentivize firms to locate into economically distressed urban and rural areas. This study analyzes the Federal Government's recent initiatives to stimulate economic development in America's inner cities with Federal contracting incentives. It answers questions surrounding the potential economic impact of such initiatives on the inner city. Lastly, the study recommends akemative policy approaches to applying Federal contracting incentives to create jobs and spur business investment in America's inner cities.
Author: Guy A. Torres Publisher: ISBN: 9781423566847 Category : Enterprise zones Languages : en Pages : 117
Book Description
For over 30 years, the United States has faced the challenge of revitalizing its deteriorating urban communities. Throughout the 1980s and early 1990s, U.S. policymakers have shown an interest in geographically targeted urban economic development strategies, specifically in the form of Enterprise Zones. Now renamed Empowerment Zones, these are sections of poverty stricken communities in which the Government hoped to promote economic development by providing businesses with incentives to locate in the zones. These Empowerment Zones primarily used tax incentives to convince businesses to relocate. Studies revealed that this approach to attracting businesses to the targeted region has met with minimal success. In the past two years, U.S. policymakers have proposed two initiatives that use the Federal procurement system as a means to inoentivize firms to locate into economically distressed urban and rural areas. This study analyzes the Federal Government's recent initiatives to stimulate economic development in America's inner cities with Federal contracting incentives. It answers questions surrounding the potential economic impact of such initiatives on the inner city. Lastly, the study recommends akemative policy approaches to applying Federal contracting incentives to create jobs and spur business investment in America's inner cities.
Author: Daphne A. Kenyon Publisher: ISBN: 9781558442337 Category : Electronic books Languages : en Pages : 0
Book Description
The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.
Author: Roland V. Anglin Publisher: Routledge ISBN: 1351552996 Category : Political Science Languages : en Pages : 256
Book Description
Growing local economies, empowering communities, revitalizing downtowns, developing entrepreneurship, building leadership, and enhancing nonprofits — you can achieve all these benefits and more with a comprehensive and strategic revitalization plan. Chronicling the struggle of local revitalization as organizers move from trial and error to effective revitalization strategies, Promoting Sustainable Local and Community Economic Development documents the current transformation in community revitalization from market-based incentives to mixed strategies of public sector learning, partnerships, and community capacity. Knowledge about the field and what works is growing, but not always publicized and readily accessible. This reference surveys the breadth of innovative place and people development practices, presenting lessons and examples at a general and textured level, putting information about innovative ways to change, influence, and improve the economic development process within easy reach. Roland Anglin brings his unique vantage point to the topic; his experience as a practitioner and applied academic allowed him to see how community economic development practices grow over time in size, scale, and impact. He highlights the difference between what is now termed community economic development (CED) and traditional local economic development practice, specifically the priority placed on community involvement in economic development partnerships between the private sector and government. The book includes case studies that demonstrate what has and has not worked in revitalization efforts, as well as how active public and private sector partnerships have been the most effective in revitalization efforts. A Resource Guide is included at the end of the book for readers who may want a more expansive understanding of community economic development.
Author: David Erickson Publisher: ISBN: Category : Business & Economics Languages : en Pages : 234
Book Description
This report--a joint effort of the Federal Reserve's Community Affairs function and the Brookings Institution's Metropolitan Policy Program--examines the issue of concentrated poverty and profiles 16 high-poverty communities from across the country, including immigrant gateway, Native American, urban, and rural communities. Through these case studies, the report contributes to our understanding of the dynamics of poor people living in poor communities, and the policies that will be needed to bring both into the economic mainstream. It is not the intention of this publication to explain poverty causation. Instead, the goal is to add texture to our understanding of where and how concentrated poverty exists, by studying new areas and by interviewing local stakeholders, including residents, community leaders, and government representatives, to understand how concentrated poverty affects both individuals and communities. The report begins with "Concentrated Poverty in America: An Overview" (Alan Berube) and "Introduction to the Case Studies" (Carolina Reid). It then presents the following 16 case studies: (1) Fresno, California: the West Fresno neighborhood (Naomi Cytron); (2) Cleveland, Ohio: the Central neighborhood (Lisa Nelson); (3) Miami, Florida: the Little Haiti neighborhood (Ana Cruz-Taura and Jessica LeVeen Farr); (4) Martin County, Kentucky (Jeff Gatica); (5) Blackfeet Reservation, Montana (Sandy Gerber, Michael Grover, and Sue Woodrow); (6) Greenville, North Carolina: the West Greenville neighborhood (Carl Neel); (7) Atlantic City, New Jersey: the Bungalow Park/Marina District area (Harriet Newburger, John Wackes, Keith Rolland, and Anita Sands); (8) Austin, Texas: the East Austin neighborhood (Elizabeth Sobel); (9) McKinley County, New Mexico: Crownpoint (Steven Shepelwich and Roger Zalneraitis); (10) McDowell County, West Virginia (Courtney Anderson Mailey); (11) Albany, Georgia: the East Albany neighborhood (Jessica LeVeen Farr and Sibyl Slade); (12) El Paso, Texas: the Chamizal neighborhood (Roy Lopez); (13) Springfield, Massachusetts: Old Hill, Six Corners, and the South End neighborhoods (DeAnna Green); (14) Rochester, New York: the Northern Crescent neighborhoods (Alexandra Forter Sirota and Yazmin Osaki); (15) Holmes County, Mississippi (Ellen Eubank); and (16) Milwaukee, Wisconsin: the Northwest neighborhood (Jeremiah Boyle). Following these case studies is "Learning from Concentrated Poverty in America: A Synthesis of Themes from the Case Studies" (Alan Berube, David Erickson, and Carolina Reid). Appended to this report are: (A) References for Comparison Statistics Tables; (B) Literature Review: Federal Reserve System Poverty-Related Research; (C) References for Overview in Alphabetical Order (by First Author); and (D) Photo Credits. (Individual case studies contain tables, figures, and footnotes.).
Author: Carmen Sirianni Publisher: Univ of California Press ISBN: 9780520926004 Category : Social Science Languages : en Pages : 396
Book Description
In this book, two leading experts on community action provide the first scholarly examination of the civic renewal movement that has emerged in the United States in recent decades. Sirianni Friedland examine civic innovation since the 1960s as social learning in four arenas (community organizing/development, civic environmentalism, community health, and public journalism), and they link local efforts to broader networks and to the development of "public policy for democracy." They also explore the emergence of a movement for civic renewal that builds upon the civic movements in these four arenas. In contrast to some recent studies that stress broad indicators of civic decline, this study analyzes innovation as a long process of social learning within specific institutional and policy domains with complex challenges and cross-currents. It draws upon analytical frameworks of social capital, policy learning, organizational learning, regulatory culture, democratic theory, and social movement theory. The study is based upon interviews with more than 400 innovative practitioners, as well as extensive field observation, case study, action research, and historical analysis.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher: ISBN: Category : Business & Economics Languages : en Pages : 668
Author: John P. Blair Publisher: SAGE ISBN: 9780761918844 Category : Science Languages : en Pages : 346
Book Description
This Reader presents a selection of articles from Economic Development Quarterly, the premier journal for practitioners and academics of local economic development. The pieces chosen cover both the breadth and the cutting edge of real world economic development practices.
Author: Robert E. Weems Publisher: NYU Press ISBN: 0814795404 Category : History Languages : en Pages : 325
Book Description
Business in Black and White provides a panoramic discussion of various initiatives that American presidents have supported to promote black business development in the United States. Many assume that U.S. government interest in promoting black entrepreneurship began with Richard Nixon's establishment of the Office of Minority Business Enterprise (OMBE) in 1969. Drawn from a variety of sources, Robert E. Weems, Jr.'s comprehensive work extends the chronology back to the Coolidge Administration with a compelling discussion of the Commerce Departmen's “Division of Negro Affairs.” Weems deftly illustrates how every administration since Coolidge has addressed the subject of black business development, from campaign promises to initiatives to downright roadblocks. Although the governmen's influence on black business dwindled during the Eisenhower Administration, Weems points out that the subject was reinvigorated during the Kennedy and Johnson Administrations and, in fact, during the early-to-mid 1960s, when “civil rights” included the right to own and operate commercial enterprises. After Nixon's resignation, support for black business development remained intact, though it met resistance and continues to do so even today. As a historical text with contemporary significance, Business in Black and White is an original contribution to the realms of African American history, the American presidency, and American business history.
Author: Guy A. Torres
Author: Guy A. Torres
Author: Daphne A. Kenyon
Author: Roland V. Anglin
Author: David Erickson
Author: United States. Congress. House. Committee on Ways and Means
Author: Carmen Sirianni
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Author: United States. President
Author: John P. Blair
Author: Robert E. Weems