Planners, administrators, economists, and all others involved with human resources and economic development are cautioned to never underestimate the role that vocational education can play in attracting new and expanding industries. Industrial expansion means new capital investments, a vital factor to the future well being of economically depressed areas. New investments when accomplished by new jobs and adequate opportunity to train for jobs have a positive psychological effect on both those in the labor force and the owners and managers of business and industry. Capital investments in an economic region attest to the faith that indigenous personnel, the corporation, leaders of local, State, and Federal agencies have in the area's future. The monograph is in three parts. Part I discusses the role that facilities play in attracting new capital investments in distressed economic areas. Four subjects are covered: (1) Instructional Facilities: Constructed to Serve Their Role in Industrial Development; (2) State Equipment Pools: A Key Factor in Providing Trained Manpower for New Industries; (3) Mobile Vo-Tech Facilities Serve Training and Development Needs; and (4) Special Schools for Industrial Training: A Different Concept of Mobile Training Facilities. Part II focuses on the role that adequate State and local vo-tech management systems play in focusing training funds toward real and identifiable training needs: The Product and the Package of Management Information; An Effective Vo-Tech Management Information System; and Management Systems Work in State Vo-Tech Agencies. Part III consists of suggestions for making Federal agencies more effective in assisting industrial and economic development. (WL)