Thursday, July 31, 2003
Sometimes bad news sometimes comes in a flood.
And sometimes, you shoot yourself in the foot.
Now newspapers around the country are picking up the story that California's latest budget eliminates the investment tax credit for manufacturers.
In the latest budget to pass the legislature, the state did not extend the credit, which is due to expire in January. The credit amounts to 6% of qualified investments in plant and equipment.
Editors in Indiana, Kansas, Missouri, Florida, Alabama and Ohio have chosen to run the Associated Press story.
All this is happening while manufacturing is starting to show some signs of reviving. Good timing.
Out of state recruiters -- if they were not already planning trips to California -- will be calling their travel agencies.
In 1790, the U.S. government issued its first patent to Samuel Hopkins of Vermont for a process for making potash. Potash is used in fertilizer and soap.
Congress passed the Patent Act in April, 1790. Only two other patents were granted in the first year: one for a new candle-making process and the other the flour-milling machinery.
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.
California's business climate outlook: continued clouds
