While it is relatively easy to construct industrial development strategies and concessions to entice industrial clients, some incentives are not based on sound economic principles and may ultimately cost a local government more than the benefits derived from attracting the industry. Financing Economic Development in the 1980s provides a broad base of information on business trends, factors underlying location decisions, cost-effectiveness of public incentives, and the outlook for local government in declining areas, particularly the Midwest.

About the Author

NORMAN WALZER is Professor of Economics and Director of the Illinois Institute for Rural Affairs at Western Illinois University. He is the editor or coeditor of the following titles: Rural Health Care (Praeger, 1992), Rural Community Economic Development (Praeger, 1991), and Financing Rural Health Care (Praeger, 1988).

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