Policy Pick: Federal Budget, Place-Based ProposalsMarch 8, 2010 |
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The trend of place-based investments has been growing in recent years, as demonstrated by First 5 LA's new Strategic Plan, and the Obama Administration is also riding the wave of targeted community-based investment strategies. Last August, a White House memo outlined interest in place-based activities, and defined the administration's approach in the following statement:Place policies target the prosperity, equity, sustainability and livability of places -- how well or how poorly they function as places and how they change over time. Place policy leverages investments by focusing resources in targeted places and drawing on the compounding effect of cooperative arrangements. The federal government's investment in this strategy is exemplified by several of the programs within President Barack Obama's proposed 2011 federal budget. The proposed budget includes a wide range of place-based investments which include:
First 5 LA will continue to track the requests and implementation of federal budget items with place-based components, and will advocate for those aligned with the First 5 LA Public Policy Agenda. Please contact Aleece Kelly at AKelly@First5LA.org with any questions. |
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The trend of place-based investments has been growing in recent years, as demonstrated by First 5 LA's new Strategic Plan, and the Obama Administration is also riding the wave of targeted community-based investment strategies. Last August, a White House memo outlined interest in place-based activities, and defined the administration's approach in the following statement:
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