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A financial analyst's toolkit: analyzing the fiscal impacts of economic development projects.(Report)
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While no one would deny that the delivery of core services is the most important function of local governments, many would also admit to the politically seductive nature of economic development. The appeal of adding jobs and income is strong, and a healthy economy is an important attribute for any community. That's why nearly all local governments pursue economic development in some form.
There are different approaches to encouraging economic development. One is the laissez-faire approach, in which governments limit their intrusion into the private market. Many large cities, however, do not strictly adhere to this approach: Witness ...
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Source: HighBeam Research, A financial analyst's toolkit: analyzing the fiscal impacts of...