State Economic Development Strategy

Comprehensive treatment of local economic development. Covers theory (classic and modern); tools (financing, tax policy, nonfinancial assistance); business attraction and retention; business creation (tools and current issues); the influence of high technology and education; and how to understand and evaluate the development readiness of each local environment. Detailed case studies highlight successful programs and also describe in detail the specific problems, challenges, and local realities that every development professional faces. Presents business-friendly innovations such as infrastructure improvements, site development, and training assistance. What is the role of government? What are the best targets for development? What is the importance of innovation? This book clarifies why each jurisdiction adopted the strategies it did and it presents the consequences of those strategies. Glossary and select bibliography.

The growth of service and high-tech industries in recent years has dramatically altered the geographical distribution of businesses throughout America. Some states have had to attract new businesses to replace declining smokestack industries, while others have experienced the trauma of rapid economic growth. This collection of case studies of California, Massachusetts, Michigan, Tennessee, Arizona, Minnesota, and Indiana analyzes strategies and problems of economic evolution and the role of state institutions in the context of regional, national and world economic change.

This definitive work mixes case law, public policy, economic strategy, and examines the wide range of issues facing efforts to improve the American economy, to illustrate how economic growth is driven through strong public-private partnerships, and how successful growth strategies from the state and local level operate to grow jobs.