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Urban, Community and Regional Planning

1997

Wayne State University Theses

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Human Capital Investment As An Economic Development Strategy: A Detroit Analysis, Truman Hudson Jr. May 1997

Human Capital Investment As An Economic Development Strategy: A Detroit Analysis, Truman Hudson Jr.

Wayne State University Theses

Many urban developers have responded to the challenges of economic development1 by providing tax incentives to businesses for relocating to urban areas (Bartik, 1995). By not being able to provide the skilled labor force that businesses require, developing communities are not postured to fully take advantage of the newly created job opportunities. Thus, wage disparities between the classes increase, leaving many of the underclass citizens without adequate employment for sustaining modest living standards (Turner, 1991).

As part of various economic development strategies2, increased concerns have been given to human-capital based strategies (Psacharo-Poulos, 1985). This paper puts forth the ...