This is a paper I wrote back in December 2008 about CDCs in DC and the recession. Unfortunately I never sent it around to be published.
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No Recession for Community Development Corporations
by Michael Clarke
December 18, 2008
WASHINGTON DC - On Dec. 1, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) announced that a recession in the U.S. began in December 2007. But in DC and other cities around the nation, there are some corporations bracing for a tsunami of business. With optimism like that, why is the outlook so bleak?
Thursday, December 18, 2008
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