Moving to Economic Development: A New Goal for SBA Loan Programs

Aug 01, 1995 | by
  • Description

In the current era of federal spending reductions, policy makers are disproportionately cutting programs intended to serve lower-income families and children, including those that support urban job and economic development.  Given such an environment, there is a greater need than ever to ensure that remaining business and economic development programs are directed to serve communities in true need of economic development.  Most importantly, the federal government should take steps to avoid subsidizing patterns of investment that work to the detriment of lower-income residents of metropolitan areas.