EDA RLFs: Planning, Local Structural Change, and Overall Performance

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EDA RLFs PLANNING, LOCAL STRUCTURAL CHANGE, AND OVERALL PERFORMANCE Center for Urban Policy Research, Economic Modeling Specialists, Inc., New Jersey Institute of Technology, The Epling Corporation The most comprehensive study of EDA revolving loan funds ever undertaken, this research effort, which studied all RLF loans active in the United States as of October 1998, looks at 450 EDA grantees that issued nearly 12,000 loans totaling more than $670 million. “EDA’s RLFs provide economically distressed communities with a flexible and continuing source of capital, to be used with other economic development tools, for inducing private investment in the types of business activities that will contribute to long-term economic stability and growth,” writes EDA Assistant Secretary for Economic Development David A. Sampson in the foreword to this study. These reports in this four-volume set discuss the planning for RLF loans, the performance of the loans, the number of jobs they produce, the cost of those jobs, and whether they contribute to economic restructuring. The research team concludes that the EDA RLF program produces permanent jobs in economically distressed areas with regularity and at low cost. The Impact of Planning on EDA RLF Performance, The Impact of EDA RLF Loans on Economic Restructuring, and EDA RLFs: Performance Evaluation provide the background and data-rich analyses that confirm these findings.