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Reese, Rosenfeld / QUESTIONING CONVENTIONAL WISDOM

Factor Analysis: Economic Development Techniques

Factor

Loadings

Marketing activities Liaison committees Brochures Solicitation of foreign business Visits to firms Trade shows Development of export markets Promotion of specific sites Special events Loans Direct loans Small business loans Loan guarantees Start-up loans Community development loans Site development Lot consolidation Land expropriation Land purchase Business relocation Sale of land Donation of land Lease of land Site development Infrastructure investment Improvement/expansion of parking Improvement/expansion of streets Improvement of pedestrian amenities Beautification improvements Improvement/expansion of recreation services Community improvement areas Financial incentives Tax abatements Tax deferments Employment/investment tax credits Enterprise zones In-kind service provision Zoning policies Protected manufacturing districts Growth management zoning Zoning variance provisions Appearance regulations Sign control regulations Facade control regulations Antilitter regulations/programs Type II policies Local employment requirements Minority employment requirements Worker training requirements Performance guarantees Targeted employee wage subsidies Low-income housing requirements Demand-side policies Underwriting of employee training/retraining Public/private research and development Business incubators Sale lease back arrangements

.60 .71 .77 .82 .77 .75 .67 .74

.85 .89 .76 .83 .81

.68 .67 .74 .69 .73 .69 .63 .72

.70 .70 .81 .84 .73 .65

.71 .71 .79 .78 .68

.74 .84 .71

.80 .84 .74

.76 .80 .81 .51 .58 .62

.69 .73 .71 .68

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