Financing Economic Development in the 21st Century

by Sammis B. White (Editor), Richard D. Bingham

The field of economic development grew dramatically during the 1990s, from experimental attempts to attract employers to a sophisticated set of tools regularly used by state and local governments and local chambers of commerce. This completely new version of the classic Financing Economic Development defines the state of the art for the 21st century. With contributions by highly qualified professionals and scholars, the book offers a balanced and comprehensive survey of the major mechanisms for financing economic development today. It explores the details of all the standard developmental tools, such as Tax Incremental Finance districts, angel and venture capital, and tax abatements, as well as newer tools that have proven effective, including micro-enterprise lending, stadium financing, brownfield financing, and revolving loan funds. Tools for rural development finance are also covered, and in addition to describing the various programs and providing examples of how they work, the book also evaluates their relative effectiveness.

368 pages, Paperback

First published February 1, 2003

Reviews

[CTEP]

How does this book relate to my AmeriCorps experience?

We do economic development and knowing how to pay for it makes it easier to do. While we aren't directly involved in building things per say, many of the organizations we are placed at are, so its useful knowledge to better understand those sites. Also, some of the articles refer to small business financing, which can be very helpful to some of our clients

Why should other corps members read or not read this book?

It's a bit dry and full of fun financing terms, so unless your into that, I really wouldn't recommend it. There is some good information in there though and its a good intro to how those buildings or businesses actually get financed.

[Alex · Rating 4 out of 5]

A must read for anyone is economic development, regional or city planning, real estate development, or running for elected office, especially local government.