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Abstract

Since 1961 when the late President Kennedy signed the Area Redevelopment Act, the federal government has extended financial and technical assistance to depressed areas and regions. The assistance comes in three forms: grants and loans to communities to help cover the cost of public facilities such as access roads and sewer systems which are deemed to be essential for industrial development; long-term low interest loans to new or expanding private enterprises locating in these areas; grants and direct staff assistance in support of planning and research within the community or on behalf of the community.

Keywords

High Unemployment Regional Problem Public Capital Median Family Income Indian Reservation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. Since 1961 when the late President Kennedy signed the Area Redevelopment Act, the federal government has extended financial and technical assistance to depressed areas and regions. The assistance comes in three forms: grants and loans to communities to help cover the cost of public facilities such as access roads and sewer systems which are deemed to be essential for industrial development; long-term low interest loans to new or expanding private enterprises locating in these areas; grants and direct staff assistance in support of planning and research within the community or on behalf of the community.Google Scholar
  2. ‘Contrasts in Agglomeration’, Papers and Proceedings of the American Economic Association (New York and Pittsburgh, May 1961).Google Scholar

Copyright information

© International Economic Association 1969

Authors and Affiliations

  • Benjamin Chinitz
    • 1
  1. 1.Brown UniversityProvidenceUSA

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