Monday, May 31, 2004
Local tax incentives for economic development are not free. They erode the tax base and undercut a community's ability to finance public services. (They are also not likely to have much impact on investment decisions, and they are very difficult to track in measuring results.) Not surprisingly, school officials are starting to notice.
We can expect to see more stories like this one: In Columbia, MO an adviser to the local school board recommends that the board take a more active role in reviewing tax incentives for economic development. Read 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.
Schools are urged to review incentives
