Monday, Dec. 11, 1944
C.E.D.
Two years ago the Committee for Economic Development began, with three "grass roots" committees attacking the great task of specific business planning for the postwar world. Last week C.E.D.'s able chairman, Paul G. Hoffman, proudly reported that C.E.D. has more than 2,000 such committees spread-eagled across the nation, numbering more than 50,000 businessmen. Thus C.E.D. has been notably successful in its aim to "reach businessmen ... to get them to act, rather than to tell the public what business was 'planning to do.'"
From its modest start, C.E.D. has grown into a fairly big business itself. Now it is spending some $80,000 a month (all from contributions) to help business create 7,000,000 to 10,000,000 more postwar jobs than the U.S. had in 1940.
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