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Erie Hit ‘Rock Bottom.' The Former Factory Hub Thinks It Has a Way Out.

Ruth Simon Kris Maher

October 07, 2019 |

Wall Street Journal |

Text |

1500-3000 Words

Response Location: United States, Erie, Pennsylvania

Erie, Pennsylvania, uses creative financial incentives for companies and businesses that invest capital gains in low-income areas of the city in order to pull itself out of economic hardship caused by the decrease in industrial jobs. The city looked to Cincinnati as an example of a city that turned around a failing neighborhood through collective action, sustainable funding practices and investment in nonprofit organizations that support development efforts.

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