New analysis finds it took only $19 million public dollars to generate approximately $371 million in private investment.
A new study examining the effect of government Community Redevelopment Agency (CRA) investment in several Florida municipalities has found that for every single dollar spent by a CRA on redevelopment, that same area benefited from twenty additional dollars being invested in redevelopment by the private sector over the same period of time. The study also showed the investment created over 2,000 new temporary and permanent jobs.