Chapter 5 from Economic Development: Strategies for State and Local Practice, 2nd Edition, looks at how state and local governments can attract, retain, and create economic activity. Case studies describe in detail various strategies for growth. The gambling case in chapter 5 provides a contemporary illustration of how state and local governments have accepted once-banned activities such as gambling as a means of creating jobs and revenue. A second case explores the concept of public-private partnerships. Specifically, the case describes Indiana’s joint venture with a consortium of foreign companies to construct and operate toll roads in the state. Infrastructure is a major feature in attracting and retaining business. Privatization of the roads, however, is a concept that is still relatively new to the United States. Such a strategy raises nettlesome theoretical and practical questions.
- Learning objectives
- Wave 1: Business attraction
- Wave 2: Business retention
- Wave 3: Contemporary issues
- Case study 5-1: Attracting jobs: Is gambling a good economic bet?
- Case study 5-2: Indiana East-West and Southern Indiana toll roads
- Study questions
- Additional resources