Financing the Productive Economy: The Heartland Development Bank

Source: Joel Kotkin, Delore Zimmerman, New America Foundation September 18, 2008

From the summary:
Throughout American history, infrastructure investment has played a critical role in economic development. As the nation moved west, the building of canals and turnpikes, followed by construction of railroads, expanded the field of economic opportunity. Later, investment in electricity and telephone networks facilitated the development of vast expanses of the American landscape that had previously been left behind. More recently, the national interstate highway system and now the continuing build-out of broadband telecommunications networks have enabled the de-clustering of many business endeavors that were once confined to large central cities.

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