I will raise three issues which have remained in the background throughout this colloquium. First, I will discuss how state and local governments redistribute the effects of economic upswings and downturns. Second, I will describe how industrial sectors influence the direction of economic development policy and determine the crisis-oriented way in which that policy is made. I argue that the public should have a larger role in setting development policy. Finally, I will comment on the issue of race and economic development.
CDCs have accomplished much in difficult environments and under tremendous constraints. Their mission of providing housing, social services, and economic opportunity is vital. Nevertheless, given their reliance upon public and philanthropic support, they must not squander their economic capital, and
States must engage in strategic planning to achieve economic development. The need for creative state policies has been subordinated to national policy.
PACE supports businesses in becoming employee-owned. Urges its replication elsewhere to promote economic development and better account for workers' needs.
Local response to disinvestment by big intdustries in small communities. Avoiding shut downs and attempting to counteract their effects through eminent domain.