Missouri releases its "Blueprint"

Saturday, March 22, 2003

Last week, Missouri's Department for Economic Development posted the state's new "Blueprint for Prosperity and Jobs''. Governor Holden released the report earlier in the month. Developing the "Blueprint" started with Governor Holden's Economic Prosperity Summit in April 2001.

The report tries to move Missouri's economic development efforts away from traditional recrtuitment efforts..."[W]hat's tried and true today may not be successful in the world of tomorrow." The report bluntly concludes, "Missouri is not equipped to compete effectively in a global economy."

The report is short on specifics, but it does include some valuable insights.

It says that Missouri's economic development programs have grown to become too unfocused and diluted: "[T]he 'tried and true' programs have been supplemented -- but not replaced -- with new efforts."

In addition, the competitive climate has changed, so an incentive-driven economic development policy is no longer adequate. "Business success is not a factor of low costs...anymore -- it is about increasing productivity.."

The report redirects the discussion about economic development in Missouri, but it does not include any action plan to translate this new direction into specific policies.

Download a copy.

posted by Ed Morrison |

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