Tuesday, August 19, 2003
In 2002, North Carolina shifted gears in its incentives for recruitment. Instead of relying on tax incentives (which are difficult to target), North Carolina launched a pilot program of cash grants. The program -- called J-DIG -- provides grants that are tied to the income taxes generated by the company's employees.
The pilot program is limited to 15 companies and $10 million statewide. Here's a review of how the program is working so far. Read more.
Meanwhile, in another development, North Carolina has committed over $60 million to train biomanufacturing workers. The money comes from the Golden LEAF Foundation. The Foundation is a non- profit organization that provides economic development grants using half of the money from the state's tobacco settlement. Learn more..
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.
North Carolina is handing out the cash
