The need to think about creative strategies in the area of economic development is a by-product of the numerous cutbacks under the Reagan administration. For example, economic development finance has been one of the most effective means of injecting the development system with large amounts of money. In the five year period between 1980 and 1984, there were three hundred and eighty-five million dollars worth of industrial revenue bonds issued by New York City’s Industrial Development Authority, which ispart of the Financial Services Corporation. Under present law, the commercial industrial revenue bond will sunset in 1986, and the industrial revenue bond will sunset in 1989. Thus, one traditional tool of economic development finance will soon be extinct. . .
Explores employee ownership as an underutilized route to economic development in low-income communities that relies neither upon altruism nor outside funders.
Demonstrates employee ownership may not keep jobs and capital in communities; recommends federal policy and examples that could prevent these pitfalls.
Argues the Hobby Lobby decision overestimates corporate religious freedom rights and underestimates interests in health care policy and reproductive rights.
Voting rights advocates should explore section 11(b) of the Voting Rights Act as a vehicle to combat voter intimidation.