An Analysis of Economic Development Administration Activities in Six Cities, Chicago (Stockyards), Los Angeles (Watts), New York (Brooklyn Navy Yard), Oakland, Pittsburgh, Providence-Pawtucket

摘要

The report is based on a study of EDA activities in six cities (Chicago, Los Angeles, New York, Oakland, Pittsburgh, and the Providence-Pawtucket labor market). The activities of EDA created or saved about 5,460 direct jobs and 6,438 indirect jobs. When the projects are completed, an estimated 58,020 total jobs (direct and indirect) will have been created. The study concludes that no universal approach to urban economic development is likely to be established in the near future. Local development corporations seem to be a useful means of channeling EDA funds into large cities, and should be used whenever possible to channel EDA funds. More emphasis on training programs, however, is required to prepare substantial numbers of unskilled persons for EDA-created jobs in most cities.