A Report On the Existing Industrial Crisis in the City of Boston (An Analysis of the Problems With Recommendations for Action)

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Main tasks are to expedite the problems of local industries and to work closely with companies desiring city locations.
3. Budgets range from $50,000 to $835,999 annually.
4. Consultants and staffs are generally supported by a Board or Committee composed of city department directors .
5. In each case the Boards oversee the industrial park activities of their respective cities.
Private and Quasi-Public Development Corporations Such corporations are privately supported by individuals and business
...es in the communities to provide assistance to industry.
Capital is used primarily to buy or build facilities for -22- manufacturers, and is provided by issuing stocks, bonds, or notes.
These corporations have in some cases, become quasi- public due to their acceptance of funds from local government. Local develop- ment corporations also provide an avenue for state financial assistance. This relationship is noted in New York where the New York Job Development Authority offers financial assistance to the New York City Industrial Development Corporation which was formed specifically for this purpose.


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