An Impact Evaluation of the Urban Development Action Grant Program
The Urban Development Action Grant (UDAG) program is assisting distressed cities and urban counties in promoting economic development. UDAG subsidies have stimulated additional private investment, jobs, and taxes that would not have occurred in these places in the absence of the program and, generally, this has been done effectively. However, the UDAG program has certain deficiencies that have prevented it from being even more successful. In some instances, for example, Federal funds have been awarded for projects that would have been completed without the UDAG subsidy. In other cases, original estimates of anticipated benefits were overstated. Given the program's underlying strengths, these deficiencies can be reduced or el iminated, and the program made more successful, through various administrative changes suggested in this report.
This report is part of the collection of scanned historical documents available to the public.