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Save the date for SSTI's 2024 Annual Conference
Join us December 10-12 in Arizona to connect with and learn from your peers working around the country to strengthen their regional innovation economies. Visit ssticonference.org for more information and sign up to receive updates.
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Report Released on Federal Role in Economic Development
The National Academy of Public Administration (NAPA) has released a report examining the role of the federal government in economic development activities and proposing a new approach to meet economic development needs. NAPA urges the federal government to help states and localities learn through better information, leverage all available resources, and link multiple federal initiatives to assist local communities.
Among the report's recommendations, NAPA encourages the federal government to:
- Help states and communities learn about state-of-the-art economic development practices
- Act to reduce the economic losses resulting from unrestrained bidding wars by states and localities to recruit or retain businesses
- Substantially reduce the fragmentation of the federal economic development effort.
- Give special assistance to states and communities seeking to create economic opportunities in distressed communities
The project was led by a panel, chaired by former Governor Richard L. Thornburgh, who is also chairman of SSTI's Board of Trustees. The report was prepared with funding from the U.S. Economic Development Administration and the Annie E. Casey Foundation. Copies of the report can be obtained by contacting NAPA at 202/347-3190.