Philanthropy and Economic Development

Philanthropy and Economic Development

Philanthropy and Economic Development

Philanthropy and Economic Development

Excerpt

Private and corporate decision makers can target grants, investments, and other assistance to accelerate the growth of jobs, small businesses, and incomes in distressed areas and restore them to full health. But there are experience gaps that block opportunities for creative public- private financing of training, technology transfer, small business, large business retention, applied research, and housing innovation. This book was developed to stimulate corporate and private foundations and their clients and associates to take more creative action in this field.

There is chronic economic distress in too many communities. And in many other areas, once stable thriving local economies have declined because of complex factors that undermine the economic base and discourage investors and potential entrepreneurs.

These conditions are not inevitable and do not have to be tolerated long term. Successful intervention is possible and can raise incomes and generate jobs. But small business and economic development in too many communities is chronically underassisted and undercapitalized.

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