Luring new industry is a problem that confronts old towns as well as new onesparticularly when ghetto areas are involved. In Los Angeles' Watts district, there has been no new industrial construction for 35 yearsnot even to replace facilities destroyed in the riots of 3½ years ago. Last week the Commerce Department announced a $3.8 million loan for development of a 45-acre industrial park in the overwhelmingly black area, where unemployment is running up to 20% (v. 3.3% for the nation as a whole). On a scarred parcel of land now occupied by a railroad siding, some ramshackle houses and several...
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