IDEAS home Printed from https://ideas.repec.org/a/sae/ecdequ/v12y1998i4p372-384.html
   My bibliography  Save this article

The Intrametropolitan Distribution of Economic Development Financing: An Analysis of SBA 504 Lending Patterns

Author

Listed:
  • Daniel Immergluck

    (Woodstock Institute)

  • Erin Mullen

    (Woodstock Institute)

Abstract

The declining federal role in economic development in distressed urban areas and concerns over the problems associated with metropolitan decentralization necessitate increased attention to the intrametropolitan distribution of business development programs. We examine the distribution of business loans made by the U.S. Small Business Administration's 504 development company program in the Chicago metro-politan area over a 5-year period and find that, after controlling for firm density, firm size, and industrial mix, higher income areas and outlying zip codes receive more loans than lower income and closer-in areas. We suggest a number of supply-and demand-side explanations for such patterns, call for measures to direct the flow of 504 financing more to lower income areas, and call for examining more loan and subsidy programs for their effects on intrametropolitan business development patterns.

Suggested Citation

  • Daniel Immergluck & Erin Mullen, 1998. "The Intrametropolitan Distribution of Economic Development Financing: An Analysis of SBA 504 Lending Patterns," Economic Development Quarterly, , vol. 12(4), pages 372-384, November.
    • Handle: RePEc:sae:ecdequ:v:12:y:1998:i:4:p:372-384
    DOI: 10.1177/089124249801200410
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/089124249801200410
    Download Restriction: no
    File URL: https://libkey.io/10.1177/089124249801200410?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rogers, Cynthia L., 1997. "Job Search and Unemployment Duration: Implications for the Spatial Mismatch Hypothesis," Journal of Urban Economics, Elsevier, vol. 42(1), pages 109-132, July.
    2. Timothy J. Bartik, 1991. "Who Benefits from State and Local Economic Development Policies?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wbsle, December.
    3. Zax, Jeffrey S & Kain, John F, 1996. "Moving to the Suburbs: Do Relocating Companies Leave Their Black Employees Behind?," Journal of Labor Economics, University of Chicago Press, vol. 14(3), pages 472-504, July.
    4. Keith Ihlanfeldt, 1992. "Job Accessibility and the Employment and School Enrollment of Teenagers," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number jaes, December.
    5. Daniel Immergluck, 1998. "Neighborhood Economic Development and Local Working: The Effect of Nearby Jobs on Where Residents Work," Economic Geography, Taylor & Francis Journals, vol. 74(2), pages 170-187, April.
    6. Ihlanfeldt Keith R., 1993. "Intra-urban Job Accessibility and Hispanic Youth Employment Rates," Journal of Urban Economics, Elsevier, vol. 33(2), pages 254-271, March.
    7. Lang William W. & Nakamura Leonard I., 1993. "A Model of Redlining," Journal of Urban Economics, Elsevier, vol. 33(2), pages 223-234, March.
    8. Katharine L. Bradbury & Karl E. Case & Constance R. Dunham, 1989. "Geographic patterns of mortgage lending in Boston, 1982-1987," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 3-30.
    9. Timothy J. Bartik, "undated". "What Should the Federal Government Be Doing About Urban Economic Development?," Upjohn Working Papers tjb1994c, W.E. Upjohn Institute for Employment Research.
    10. Christopher J. Mayer, 1996. "Does location matter?," New England Economic Review, Federal Reserve Bank of Boston, issue May, pages 26-40.
    11. John F. Kain, 1968. "Housing Segregation, Negro Employment, and Metropolitan Decentralization," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(2), pages 175-197.
    12. Harry J. Holzer, 1991. "The Spatial Mismatch Hypothesis: What Has the Evidence Shown?," Urban Studies, Urban Studies Journal Limited, vol. 28(1), pages 105-122, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniel Immergluck, 1998. "Job Proximity and the Urban Employment Problem: Do Suitable Nearby Jobs Improve Neighbourhood Employment Rates?," Urban Studies, Urban Studies Journal Limited, vol. 35(1), pages 7-23, January.
    2. Valerie Preston & Sara McLafferty, 1999. "articles: Spatial mismatch research in the 1990s: progress and potential," Papers in Regional Science, Springer;Regional Science Association International, vol. 78(4), pages 387-402.
    3. Zenou, Yves & Boccard, Nicolas, 2000. "Racial Discrimination and Redlining in Cities," Journal of Urban Economics, Elsevier, vol. 48(2), pages 260-285, September.
    4. Zenou, Yves, 2002. "How do firms redline workers?," Journal of Urban Economics, Elsevier, vol. 52(3), pages 391-408, November.
    5. John F. Kain, 2004. "A Pioneer's Perspective on the Spatial Mismatch Literature," Urban Studies, Urban Studies Journal Limited, vol. 41(1), pages 7-32, January.
    6. Zenou, Yves & Patacchini, Eleonora, 2003. "Mismatch, Transport Mode and Search Decisions in England," CEPR Discussion Papers 3968, C.E.P.R. Discussion Papers.
    7. Laurent Gobillon & Harris Selod & Yves Zenou, 2002. "Spatial Mismatch : From the Hypothesis of the Theories," Working Papers 2002-57, Center for Research in Economics and Statistics.
    8. Weinberg, Bruce A., 2004. "Testing the spatial mismatch hypothesis using inter-city variations in industrial composition," Regional Science and Urban Economics, Elsevier, vol. 34(5), pages 505-532, September.
    9. Laurent Gobillon & Harris Selod & Yves Zenou, 2007. "The Mechanisms of Spatial Mismatch," Urban Studies, Urban Studies Journal Limited, vol. 44(12), pages 2401-2427, November.
    10. Patacchini, Eleonora & Zenou, Yves, 2005. "Spatial mismatch, transport mode and search decisions in England," Journal of Urban Economics, Elsevier, vol. 58(1), pages 62-90, July.
    11. Bruce A. Weinberg & Patricia B. Reagan & Jeffrey J. Yankow, 2004. "Do Neighborhoods Affect Hours Worked? Evidence from Longitudinal Data," Journal of Labor Economics, University of Chicago Press, vol. 22(4), pages 891-924, October.
    12. Fredrik Andersson & John C. Haltiwanger & Mark J. Kutzbach & Henry O. Pollakowski & Daniel H. Weinberg, 2018. "Job Displacement and the Duration of Joblessness: The Role of Spatial Mismatch," The Review of Economics and Statistics, MIT Press, vol. 100(2), pages 203-218, May.
    13. Wasmer, Etienne & Zenou, Yves, 2002. "Does City Structure Affect Job Search and Welfare?," Journal of Urban Economics, Elsevier, vol. 51(3), pages 515-541, May.
    14. Daniel Immergluck, 1998. "Job Proximity and the Urban Employment Problem: Do Suitable Nearby Jobs Improve Neighbourhood Employment Rates?: A Reply," Urban Studies, Urban Studies Journal Limited, vol. 35(12), pages 2359-2368, December.
    15. Wasmer, Etienne & Zenou, Yves, 1999. "Does Space Affect Search? A Theory of Local Unemployment," CEPR Discussion Papers 2157, C.E.P.R. Discussion Papers.
    16. Patrick Bayer & Stephen L. Ross, 2006. "Identifying Individual and Group Effects in the Presence of Sorting: A Neighborhood Effects Application," Working papers 2006-13, University of Connecticut, Department of Economics, revised Jan 2009.
    17. Olof Åslund & John Östh & Yves Zenou, 2010. "How important is access to jobs? Old question--improved answer," Journal of Economic Geography, Oxford University Press, vol. 10(3), pages 389-422, May.
    18. Timothy J. Bartik, 2009. "The Revitalization of Older Industrial Cities: A Review Essay of Retooling for Growth," Growth and Change, Wiley Blackwell, vol. 40(1), pages 1-29, March.
    19. Harris Selod & Yves Zenou, 2006. "City Structure, Job Search and Labour Discrimination: Theory and Policy Implications," Economic Journal, Royal Economic Society, vol. 116(514), pages 1057-1087, October.
    20. Maré, David C. & Fabling, Richard & Hyslop, Dean, 2023. "Job Displacement and Local Employment Density," IZA Discussion Papers 16685, Institute of Labor Economics (IZA).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:12:y:1998:i:4:p:372-384. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.