Word: urbank
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Dates: during 1970-1979
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JOBS. The Federal Government will offer tax breaks, subsidies and other inducements for businesses to remain in poor neighborhoods, to set up plants in them or expand existing ones. As a further incentive, a National Development Bank, nicknamed Urbank, will be created to offer the businesses low-interest loans...
...THIS IS NOT TO SAY that Carter will take no action on urban problems. White House discussion are underway on the prospect of a federal "Urbank" to help attract businesses into aging cities by promising low-interest loans. The President is clearly interested in ways of using the all-important private sector to help the cities. And it is still early. Carter has flooded Congress with other legislation; proposals on city problems had best not be sent up to Capitol Hill quite...
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