Cal State Document
In 1983-84. the California Department of Commerce added a new component to the state's economic adjustment program -- predevelopment grants and direct business loans to communities experiencing "sudden and severe economic dislocation" (SSED). The department has found that direct financial assistance to communities. provided in conjunction with staff technical services and business location assistance. can result in substantial progress toward the goal of local economic adjustment and worker reemployment.
California Department of Commerce, "Sudden and Severe Economic Dislocation: A Report on Program Grants and Loans in 1984" (1985). California Agencies. 19.