Reshaping the Local Economy through a Revolving Loan Fund Program in an Entrepreneurial City

T. Phillip Dunlap, Douglas J. Watson, Bettye B. Burkhalter, Jacki A. Fitzpatrick

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

U.S. cities have become more self-reliant in developing and maintaining economic development activitiesin their communities. Several authors have labeled cities that are aggressively creating economic development opportunities as “entrepreneurial. ” One tool used by many entrepreneurial cities is the revolving loan fund (RLF) program. An RLF, properly implemented, requires strategic planning among community leaders, including elected and appointed officials, business leaders, and academics. This article examines the RLF program of Auburn, Alabama, in an effort to isolate those elements essential to its success.

Original languageEnglish
Pages (from-to)74-79
Number of pages6
JournalEconomic Development Quarterly
Volume9
Issue number1
DOIs
StatePublished - Feb 1995

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