About M.E. Sharpe
Sharpe Reference
Sharpe Online Ref.
Sharpe Focus
Author Guidelines
Subject Catalogs
Catalog Request
Library Rec. Form
North Castle Books

Financing Economic Development in the 21st Century, Second Edition
Edited by: Sammis B. White; Zenia Z. Kotval

E-text available
Click here to preview or purchase.

Cloth ISBN: 978-0-7656-2782-7 Paper ISBN: 978-0-7656-2783-4
Cloth Price Paper Price
USD: $115.95 USD: $56.95
Discount Code:
Discount Code:
Available to all countries
Information: 424pp. Tables, figures, bibliographic references, index.
Publication Date: August 2012.  


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:

--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

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


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

Book Subjects
Exam Request
Award Winners
Forthcoming Books
New Releases