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The City’s Economic Development Trust Fund: Where’s the Money Going?

August 1, 1996 by: Christi Daugherty

    Over the past five years the City of New Orleans has awarded nearly $3 million in grants to music-related organizations through the city’s Economic Development Fund.

The money is intended for programs that will attract trade and tourism to the city.  But, as in many things, nothing is ever as simple as it should be.  Since its formation, the Economic Development Fund has fallen and risen on the rough water of city government.  The current manager of the Economic Development Fund...

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