Retail Projects Barred For Community and Economic Development

A change in a Texas law precludes the ability of development boards to fund retail projects.
July 11, 2003, 9am PDT | Connie Chung
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A recent change in a Texas law favors industrial and commercial projects over retail projects for economic development, by restricting the ability of development boards to fund retail projects. Whether the law is an attempt to "erode the powers of economic development" or to shift the focus of economic development corporations to create "primary jobs" through commercial and industrial uses, the change in law has both positive and negative implications on how community and economic development funds are spent.

Thanks to Connie Chung

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Published on Friday, July 4, 2003 in KnowledgePlex
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