Designing Economic Development Incentives: The Case of Industrial Development Bonds in Chicago: 1977–1987 |
| |
| Authors: | Robert Giloth |
| |
| Institution: | Robert Giloth is Executive Director of Southeast Community Organization (SECO) in Baltimore. He formerly was Deputy Commissioner of Economic Development in Chicago, heading up a division that conducted demonstration projects and program evaluations. He has taught city planning and community economic development at the University of Maryland and Tufts University. |
| |
| Abstract: | This article explores how the overall policy system affects the operation of economic development programs by presenting a case study of the City of Chicago's Industrial Development Bond (IDB) program between 1977–1987. By comparing Chicago IDB recipients with a representative group of Chicago manufacturers, this case study reveals that IDBs went to a self-selected group of manufacturers of larger size, that were already growing, but belonged to declining manufacturing sectors. Overall, despite bold promises, IDB recipients created few new jobs. |
| |
| Keywords: | |
|
|
