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Designing Economic Development Incentives: The Case of Industrial Development Bonds in Chicago: 1977–1987

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  • Robert Giloth

Abstract

This article explores how the overall policy system affects the operation of economic development programs by presenting a case study of the City of Chicago's Industrial Development Bond (IDB) program between 1977–1987. By comparing Chicago IDB recipients with a representative group of Chicago manufacturers, this case study reveals that IDBs went to a self‐selected group of manufacturers of larger size, that were already growing, but belonged to declining manufacturing sectors. Overall, despite bold promises, IDB recipients created few new jobs.

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  • Robert Giloth, 1991. "Designing Economic Development Incentives: The Case of Industrial Development Bonds in Chicago: 1977–1987," Review of Policy Research, Policy Studies Organization, vol. 10(2‐3), pages 161-171, March.
    • Handle: RePEc:bla:revpol:v:10:y:1991:i:2-3:p:161-171
    DOI: 10.1111/j.1541-1338.1991.tb00104.x
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