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Essay / Research Paper Abstract
This 3 page paper examines Lawrence Massachusetts and makes recommendations on how to revitalize the economy there. Unemployment is the focus of this investigation. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: RT13_SA548Law.rtf
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Unformatted sample text from the term paper:
cities that need extra assistance and Lawrence is one of those. In 2002, Lawrence, Massachusetts was dubbed a renewal community and would receive government assistance because of this designation ("HUD
Announces," 2002). What will this label actually do for the people of Lawrence ? The following is reported in an article on this subject: " As a result of this
Renewal Community designation, Lawrence will receive regulatory relief and tax breaks to help local businesses provide more jobs and promote community revitalization" ("HUD Announces," 2002). It is thought that through
tax breaks, and other efforts to revitalize the community, that the unemployment issue will be resolved. This is certainly a possibility, but in order to understand whether or not this
will become a reality in the years and decades to come, industry in the region must be examined. The economy of Lawrence is an urban center and 35% of
its economy is aligned with manufacturing ("City of Lawrence," 2005). The city is well known, and has a strong, textile business ("City of Lawrence," 2005). Other aspects of the economy
are entrenched in other types of businesses such as The Eagle Tribune newspaper, the Northern Essex Community College and Lawrence General Hospital ("City of Lawrence," 2005). While those are hardly
businesses in the commonly used sense of the word, they are essentially places where money can be earned. Doctors and nurses can find work at the hospital and the newspaper
as well as the college. People in Lawrence do have opportunities to work in the community, particularly with the tax incentive plan. Yet, there is something somewhat limiting in
terms of reliance on the plan to attract industry. Tax incentives will only go so far to attract people. There must be something more. Many cities that support manufacturing have
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