Economic Development Finance


Book Description

"Economic Development Finance provides a foundation for students and professionals in the technical aspects of business and real estate finance and surveys the full range of policies, program models, and financing tools used in economic development practice within the United States."--Jacket.




Financing Economic Development in the 21st Century


Book Description

The fully revised new edition of this textbook presents a well-balanced set of economic development financing tools and techniques focused on our current times of economic austerity. While traditional public sector techniques are evaluated and refocused, this volume emphasizes the role of the private sector and the increasing need to bring together different techniques and sources to create a workable financial development package. The chapters address critical assessments of various methods as well as practical advice on how to implement these techniques. New chapters on entrepreneurship, the changing nature of the community banking system, and the increasing need for partnerships provides critical insights into the ever-evolving practice of economic development finance.




Democratizing Finance


Book Description

Decades before Occupy Wall Street challenged the American financial system, activists began organizing alternatives to provide capital to “unbankable” communities and the poor. With roots in the civil rights, anti-poverty, and other progressive movements, they brought little training in finance. They formed nonprofit loan funds, credit unions, and even a new bank—organizations that by 1992 became known as “community development financial institutions,” or CDFIs. By melding their vision with that of President Clinton, CDFIs grew from church basements and kitchen tables to number more than 1,000 institutions with billions of dollars of capital. They have helped transform community development by providing credit and financial services across the United States, from inner cities to Native American reservations. Democratizing Finance traces the roots of community development finance over two centuries, a history that runs from Benjamin Franklin, through an ill-starred bank for African American veterans of the Civil War, the birth of the credit union movement, and the War on Poverty. Drawn from hundreds of interviews with CDFI leaders, presidential archives, and congressional testimony, Democratizing Finance provides an insider view of an extraordinary public policy success. Democratizing Finance is a unique resource for practitioners, policymakers, researchers, and social investors.




Community Economic Development and Social Work


Book Description

In Community Economic Development and Social Work, you’ll find innovative theoretical approaches to the newly emerging field of community economic development (CED). You’ll see how community leaders, residents, community organizations, social workers, city planners, local business owners, bankers, and/or investors can come together to promote successful CED. Community economic development (CED) is a strategy that addresses social and economic development goals, creates jobs, builds assets, and strengthens the social fabric of communities. In Community Economic Development and Social Work, you’ll learn how to promote community-based organizations that involve residents in articulating goals, policies, and operations and moves them beyond poverty. You’ll also gain valuable insight into: methods of evaluating a variety of CED initiatives in different geographical areas microenterprise development and the experiences of low-income entrepreneurs, including examples from Bangladesh and India and in immigrant and low-income communities in the United States home ownership as a key CED strategy in low-income neighborhoods environmental issues and sustainable CED healthcare and CED--entrepreneurial opportunities and job creation organizations, such as Community Development Corporations, that promote CED practicing CED in marginalized communities strategies for creating jobs, developing structures for savings and investment, creating access to credit, promoting land trusts, financing community infrastructure improvements, providing training and technical assistance, and developing social services Contributors to this groundbreaking volume include internationally known scholars and practitioners who examine community economic development initiatives from a variety of perspectives and locales--CED is one of the few areas of applied social science where diffusion regularly occurs from “less developed” to “developed” countries. The variety of models and case studies in Community Economic Development and Social Work gives you practical ideas for effective economic development--development that empowers residents to break the cycle of poverty and offers hope and opportunity for the future--in low-income and minority communities.




Community Economic Development in the United States


Book Description

This is the first scholarly analysis that examines the development and achievements of the American community development movement. Community development is now a multi-billion industry in the US. Hundreds of Community Development Financial Institutions (CDFIs), located in all regions of the country, have successfully forged locally-based strategies that provide affordable housing, foster business development, and provide much needed community facilities, including innumerable charter schools, in highly distressed communities in inner city neighborhoods, rural communities, and also in American Indian areas. In many areas of the US, CDFIs represent a viable alternative to the mainstream banking industry. This volume documents the positive impact the CDFI industry has had in distressed urban and rural areas in the US.







Community Owned Businesses


Book Description

This book analyses community-owned businesses in countries around the world to show successful approaches and important strategies to improve access to essential services in vastly different economic contexts. Through eleven chapters, authors from various countries use case studies and analyse findings in ways which can be applied to new development initiatives, including rural grocery store retention in Kansas, socially responsible community cooperatives in Italy, preserving pubs and shops in England and Wales, serving residents with special needs in Canada, and financing basic goods and services for aging populations in Taiwan, plus other examples. The chapters explore practices and approaches used in various locations to address concerns about loss of access to essential services, making clear that this approach to financing is useful in different scenarios. The chapters provide key insights suggesting that these approaches will be even more prevalent in the future and will be of interest to students, scholars, and community-development practitioners around the world.




Tax Increment Financing and Economic Development, Second Edition


Book Description

This book brings together leading experts to examine the evolving nature of tax increment financing (TIF), the most widely used tool of local economic and community development. Originally designed as an innovative approach to the redevelopment of blighted areas, it has become a more general-purpose tool of economic and community development. Contributors offer case studies of the uses, structures, and impacts of TIF projects alongside more general discussions on the theoretical, financial, and legal bases for the use of TIF. They also explore its effect on overlapping jurisdictions such as cities, counties, and school districts. Some of the case studies capture TIF at its best—redeveloping areas that would likely never develop without substantial incentives. Other cases highlight questionable uses, especially where it has been used in new ways that those who developed the tool never envisioned. Originally published in 2001, the book was called "...a major contribution to the debate on the efficacy of such economic development financing tools as TIF..." by the journal Public Budgeting & Finance. Clear, comprehensive, and timely, this new edition features the latest research and thinking on TIF, including the political, legal, and even ethical issues surrounding its use.




Community Economic Development


Book Description

The role of economic development in communities is multi-faceted, having an array of antecedents, impacts, and implications. This volume explores the relationships between economic development and community development, focusing on the aspects that impact communities such as social capital, participation, and business development. It discusses the need for aligning the goals of community betterment more closely with economic improvement and finding ways to enhance leadership and other resources. Including both current contributions and "classics," the evolution of the relationship between’ and roles of, the two kinds of development is explored. The articles in the volume present several theoretical perspectives of development. Most common among them are sustainable economic development and social capital theories. Utilizing these theories and data from various sources, the authors are able to suggest specific development strategies for improving community economic and quality of life outcomes. The volume offers an exploration of directions for future research, including the need for more theoretical and empirical work on the role of amenity development on rural community economic and quality-of- life outcomes. Practitioners of community and economic development, along with researchers and students will find this volume useful and relevant for both theory and application. This book is a compilation of articles published in the Journal of the Community Development Society.