Friday, June 18, 2004
On Wednesday, Iowa's Supreme Court has struck down the legislatio that created the Iowa Values Fund. This seven year initiative is designed to pump $500 millionn into the state's emerging innovation economy. The sticking point now: The fund has already made financial commitments to a range of companies.
The goveror and legislative leaders are now trying to scramble to fix the damage.
The original legislation included provisions that Reppublicans in the legislature wanted, buyt the governor opposed. These items included a tax cut and regulatory reform. The governor used a line item veto to eliminate them. The Supreme Court held that the governor's veto violated the state's constitution.
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.
Iowa Values Fund in the ditch
