Monday, September 22, 2003
Major loses in manufacturing are touching off pleas to do more to help th sector. In Washington State, the Boeing situation accelerates a debate that we are likely to see in other states.
The state legislature in Washington has approved a $3.2 billion tax package for Boeing, and other manufacturers are likely to ask, "What about us?"
These are global issues that no state legislature can manage alone. At the same time, state legislatures are likely to be under more pressure both "to do something" and to evaluate whether incentives work at all. Read more about the situation in Washington. Go.
In Rhode Island, the governor has hired a Harvard economist to evaluate whteher his state's incentives work.
The director of the Rhode Island Economic Development Corporation puts it this way: "We're spending money [on incentives] and we should look at the money we're spending. We must replace [lost] jobs and train workers. What incentives do we need to manage that process?"
Read more. (Free registration required.)
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.
Closer examination of tax breaks is coming
