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Perspectives on Place-Based Policy: Strategies for Workforce and Economic Development
AEI
2024.03.27
Opportunity varies by place in the US, with the lowest levels of opportunity in states in the former Confederacy and American Indian reservations.
Rural America faces unique challenges in relative income, education, age, population, and life expectancy, and current federal government grants and programs do not sufficiently meet policy goals.
Place-based funding in rural areas can potentially propel growth in local economies, and outcomes-based programs are crucial for wise government investment.
Texas offers an example of investment on a state level for local economic growth incentives.