What Should EDA Fund? Developing a Model for Preassessment of Economic Development Investments

Abstract

What should EDA fund? Developing a model for preassessment of economic development investments Upjohn Institute Working Paper, No. 09-155

Prediction of Bank Customer Potential Using Creative Marketing Based on Exploratory Data Analysis and Decision Tree Algorithm

“…Exploratory Data Analysis was mentioned as an option [33] instead of CDA. As mentioned earlier, EDA is an attitude or theory of how information reviews are completed, rather than the placement of appropriate methods that EDA often associates with investigator work.…”

Toward a Theory of Economic Development as a Mode of Flash Capitalism

“…It is a common lament of development scholarship that there is a lack of any empirical evidence of whether economic development strategies actually achieve their stated goals (Reese & Fasenfest, 2003;Watts et al, 2011). Part of this is surely because of the more abstract and qualitative measures that are supposedly different from growth, but even if this is true, there is a contradiction between the stated goals of the EDA, and what is happening in the communities themselves.…”

“…The authors believe that maybe the uneven effects of flash development helps with mobility, this is not necessarily clear, and pin their hopes on "industrial cluster theory" (Watts et al, 2011, p. 68). Industrial cluster, however, is just development bluster, and assumes that if there is enough economic activity emanating from areas surrounding the EDDs, then adding one job near an EDD will add .4 jobs in other parts of the district (Watts et al, 2011). To put this in terms of flash capitalism, the flash from state capital infusion hopefully ripples through the district, conjuring marginal returns of along the way.…”

Estimating the Impacts of EDA Public Works Program Investments on County Employment

“…Each year, millions of dollars are allocated for projects that fall into seven categories: Public Works; Economic Adjustment; Research and National Technical Assistance; Local Technical Assistance; Partnership Planning; University Centers; and Trade Adjustment Assistance. 1 The primary focus of this study is the Public Works Program, whereby one-time matching funds (typically no more than 50%) are provided toward creating or improving basic infrastructure necessary for business retention/attraction (Watts et al, 2011). The EDA Public Works Program provides matching grants to local communities for activities such as the construction of roads, sewers, water supply systems, and industrial parks to promote local industrial growth.…”

“…To qualify for EDA grants, a region has to be considered “economically distressed” based on the unemployment rate and/or lower-than-average per capita income. Regions must demonstrate the ability to attract matching funds and create a comprehensive plan describing how the developed infrastructure increases economic opportunities or competitiveness for the region (Watts et al, 2011).…”