How the State Community Development Block Grant Program Assists Rural Economies

John Sidor

Rural America/ Rural Development Perspectives, 1991, vol. 07, issue 2

Abstract: States spent nearly $1.5 billion in Community Development Block Grant funds in the 1980's to stimulate rural economies. States distributed these funds throughout rural areas, with the more rural areas receiving a larger share of funds than their share of the State population. Most of the firms assisted by State CDBG credit assistance were local: 25 percent were startups and 45 percent were expansions. Most of the assisted firms were very small: 71 percent employed 26 people or fewer. In more rural areas, a greater proportion of the assisted firms were startups and very small. The average cost per job was about $5,100. About three-quarters of the jobs went to low- or moderate-income people, but about a third of the jobs paid annual wages of $10,400 or less.

Keywords: Community/Rural/Urban Development; Labor and Human Capital; Public Economics (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:310936

DOI: 10.22004/ag.econ.310936

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