Trying to find the right source of funds in Indiana
Wednesday, April 16, 2003
Indiana is still trying to come up with a long term investment p[lan for economic development. The governor wanted to use tobacco funds, but that idea is in the tank because of a court judgement against Philip Morris. Now, Republican legislators are proposing a similar investment plan -- $1 billlion over 10 years -- funded from gambling revenues. Learn more.
Meanwhile, in Pennsylvania, a Deomocratic legislator has a similar idea: use revenue from slots to help schools.
(Generally, gambling is a bad idea as an economic development strategy. In most cases, it creates more problems than it solves for a regional economy. It acts like a huge Social Securtity system in reverse. It sucks money out of the pockets of people who can't afford it and sends it to people who don't really need it. But if you head down this path, at least invest the resulting tax revenue in initiatives -- like education and economic development -- that will generate more income in the future.)
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Trying to find the right source of funds in Indiana
