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Financing Economic Development in the 21st Century, Second Edition
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Comments/Reviews
Description: Completely revised, this new edition 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 for cobbling 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 various 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.
Key features:
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Provides a comprehensive view of financing methods: public, private, and a combination of both sectors.
--Includes an up-to-date evaluation of traditional and new financing techniques, and the limitations and opportunities of each.
--Addresses current economic issues, including a chapter on banking reform.
--Includes completely revised sections on private and entrepreneurial finance as well as public finance.
Selected Contents:
Foreword, Edward (Ned) Hill
Preface
Part I. Introduction
1. Local Economic Development and Its Finance: An Introduction, Stephen Malpezzi
2. Evaluation of Economic Development Finance Tools, Laura A. Reese and Gary Sands
Part II. Public Finance
3. Public Finance Concepts for Economic Development, Randall Crane
4. Revolving Loan Funds, Kelly Robinson
5. Using Transfer of Development Rights as a Market-Based Approach in Urban Land Use Management, Matt Brinkley and Patricia L. Machemer
6. Municipal Bonds and Local Government Borrowing, Vicki Elmer
7. Publicly Subsidized Brownfields Redevelopment, Christopher A. De Sousa
8. State Financing of Innovation and Entrepreneurship, Ziona Austrian and Eli Auerbach
Part III. Private Finance
9. After the Financial Crisis: The Roles and Responsibilities of Banking Institutions in Financing Community Economic Development, Robin Newberger and Michael V. Berry
10. Angles on Angels and Venture Capital: Financing Entrepreneurial Ventures, John Freear and Jeffrey E. Sohl
11. Entrepreneurship in Rural America, Henry Renski and Ryan Wallace
Part IV. Partnerships
12. Tax Increment Financing in Theory and Practice, Rachel Weber
13. Development Exactions, Michael T. Peddle and Roger K. Dahlstrom
14. Financing Professional Sports Facilities, Robert A. Baade and Victor A. Matheson
15. Cobbling Together Funds for Mill Revitalization, John Mullin and Zeenat Kotval-K with Randolph Lyles
Part V. Lessons Learned
16. Perspectives on Economic Development Financing, Sammis B. White
Index
About the Editors and Contributors
Comment(s): "This book is an excellent resource for economic development educators, scholars and practitioners alike. It covers a wide range of timely and relevant topics in an accessible way." -- Greg Schrock, Portland State University
"This excellent volume provides the most up-to-date research and thinking on the application, as well as the strengths and weaknesses, of the most important tools in contemporary economic development finance. It is essential reading for courses on economic development policy, planning and finance." -- John Accordino, Virginia Commonwealth University
"In light of the great recession and its unexpected regional impacts, this timely book reminds us that financial decisions remain at the center of economic development strategies. The authors cover the full range of issues encountered by policy makers, with a valuable historical perspective on the field as well as new ideas. These experts in economic development finance ask critical questions about silver bullet strategies that promise instant results and re-focus our attention on the ED basics: efficiency, equity and accountability." -- Susan M. Christopherson, Cornell University
"This volume should be on the shelf of every student and practitioner of economic development. It offers a comprehensive package for urban economic development courses, starting with two introductory chapters that provide an excellent overview of the field. The detailed chapters on specific public, private and hybrid finance mechanisms that follow offer clear explanations and examples of when and why to use them and how to evaluate their effectiveness." -- Joan Fitzgerald, Northeastern University
"This second edition of Financing Economic Development in the 21st Century is a welcomed update of an essential resource for students of economic development." -- Nancey Green Leigh, Georgia Institute of Technology
    
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