Henderson Resigns To Study Economy Of Mid-West States

James M. Henderson, assistant professor of Economics, has resigned, effective at the end of the term, to direct a four-year study which will attempt to find methods of revitalizing the lagging economy of the Upper-Mid-West.

The research project will be carried out by a University of Minnesota staff under Henderson's direction. It is jointly financed by the Ford Foundation and the Upper Mid-West Research and Development Council, a group of businessmen concerned with the serious lag in their area's economy.

Areas to be studied are Montana, North and South Dakota, Minnesota, Northern Wisconsin, and Michigan's upper peninsula. In these states the transition from small to large-scale farming, the lack of near-by markets for goods, potential competition from mines along the St. Lawrence Seaway, and a dearth of new industrial development have created grave problems.