Federal Investment Leads and Leverages
Private Investment in the Blackstone River Valley
by Robert D. Billington, Ed. D.
The Blackstone Valley has been successful for two main reasons:
first, because of the leadership and commitment of the people
involved in community rebuilding, and, second, because of city,
state and federal coordination, and cooperation with private sector
investors which has included cutting red tape and offering
reasonable tax incentives. The National Park Service, through the
National Heritage Corridor Commission’s
concept of cultural heritage and land-management planning, has
helped the Blackstone Valley develop an overall regeneration plan.
The plan encourages coordinated, broads scale, Valley-wide economic
development, while preserving its nationally significant industrial
heritage, historic buildings, factory-rich landscapes and improving
a desecrated
environment. This type of regional planning has proved to be a key
ingredient in luring the private sector to invest in the future of a
region such as the Blackstone Valley.
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