GSA launches economic development effort

The General Services Administration this week debuted an effort the agency said will help grow local economies by “better aligning GSA’s building, leasing, and relocation plans with the economic development goals of local communities.”

GSA Administrator Denise Turner Roth launched the effort, dubbed the Economic Catalyst Initiative, with a tour of three cities where the agency is executing deals that are mutually beneficial to the federal government and local communities.

On Nov.16, Roth went to Detroit, where GSA will invest $70 million in a commercial building that the agency bought for $1. GSA plans to consolidate more than 700 federal employees from around the area in the single federally owned location, while freeing up commercial space in downtown Detroit for use by the private sector.

Continue reading: https://federalsoup.com/articles/2015/11/20/gsa-launches-economic-development-effort.aspx?s=FD_231115.