Saturday, January 03, 2004
In the wake of losing the Boeing bid, Arizona got to see what other states put on the table. Statewide business leaders feel that the State does not have enough money for incentives. Learn more.
We're seeing the fallout from the Boeing deal. Businesses are becoming more aggressive about requesting incentives. That trend places more pressure on EDPros and politicians to tie incentives to income gains.
I don't favor incentives, either grants or tax expenditures. The paybacks are too unclear and hard to calculate. Alternatively, we know that other types of investments -- research, infrastructure, education -- have clear paybacks. In times of tight money, investments should be targeted here.
(See the comments from Missouri's top EDPro in story posted yesterday.)
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.
Arizona business group pushes for more incentives
