Center for Business and Economic Research - Ball State University

Why Have Local Economic Development Efforts Been So Disappointing?

Why Have Local Economic Development Efforts Been So Disappointing?

This study briefly examines the changes to overall economic development policy, with an extended focus on the supply of firms that can be attracted to a region. Over the past half century, the target of most economic development efforts (footloose firms) has shrunk considerably. The United States has created almost 90 million net new jobs since 1970, but there are now fewer footloose jobs in the United States than in the 1960s, and that number continues to drop.

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Tags: economic development, employment, sustainability

Author: Michael J. Hicks