ABSTRACT
Tax breaks on commercial buildings and legislation that allowed the city to share the financial risk of large commercial projects played a significant role in the city’s revitalization. In contemporary times, the economy of Boston has undergone a transition away from its manufacturing base to an economy driven by knowledge-based services. An emphasis on education in the Boston area arose from a desire to guarantee an adequate supply of ministers for the people as well as to secure political and financial leaders. A diverse group of ministers, poverty program employees, social workers, and community organizers formed political action groups to oppose initiatives of the Boston Redevelopment Authority and developers. Factories around Boston became increasingly obsolete, and owners relocated their factories to other areas. As Boston’s economic base adjusted to “new economy” imperatives, incomes rose, businesses expanded, and real estate values escalated.
