Economic Theory Commons^™

Developing A Local Organizational Structure For Industrial Development, Center For Economic Development

Center for Economic Development Technical Reports

Many communities in Massachusetts currently utilize a variety of publicly-funded economic development organizations that help to generate and maintain economic activity and growth. Given the importance of economic development to cities and towns that are currently facing high unemployment rates, eroding tax bases and vacant space, it is crucial that these organizations operate effectively and receive the support necessary to continue their operations.

To date, however, the performance of many of these organizations has not been evaluated in a systematic manner, and the extent of their effectiveness is unknown. Only through a formal evaluation process can it be determined if …