Tuesday, February 17, 2004
Here's a story you don't see every day. Greensboro and High Point have submitted proposals for the same Citibank service center. It's no small deal: 1,000 jobs potentially.
Greensboro's proposal includes $1.2 million in incentives. and High Point provides $670,000. Both cities, however, are avoiding a bidding war over the potential tax revenues. Read more.
Avoiding senseless bidding wars is an outgrowth of a more regional view of economic development. As one participant notes: "One of the communities is going to win the tax base, but everybody is going to win the jobs. That is certainly going to benefit the region."
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.
Avoiding a bidding war
