The CDC was a nonprofit, tax-exempt organizational model intended to address these limitations and help channel the creative energy of urban black communities into the revitalization of the nation’s ghettos. Kennedy’s vision for remedying urban poverty rested on the expansion of private enterprise in ghetto communities by inducing external businesses to relocate to the inner cities and by supporting entrepreneurship among local blacks. Capitalism (as an engine of urban regeneration and as a source of jobs, investment capital, and local taxes) was fundamental to Kennedy’s schema for inner-city
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