The current state of federal economic development programs needs to be renovated in order to improve efficiency and limit bureaucratic barriers. As it now stands, each year economic development programs are liable to face significant funding cuts or possible elimination. In this response article, Jeffrey Finkle, President and CEO of the International Economic Development Council (IEDC), highlights the obstacles in how economic development programs are currently delivered and what mechanisms must be employed to create an environment that fosters these programs that are significant in communities across the country.
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References
1.
Markusen, A., & Glasmeier, A. (2008). Overhauling and revitalizing federal economic development programs. Economic Development Quarterly, 22, 83-91.
2.
Strengthening America's Communities Advisory Committee. (2005). Report of the committee to the Secretary of Commerce . Washington, DC: U.S. Department of Commerce. Retrieved from www.compete.org/pdf/SACAC_Report.pdf
