Activating a clawback Saturday, December 18, 2004 San Antonio activated the "clawback" provision of its incentive agreement with Alcoa this week. Read more. Clawback provisions make sense, so that EDPros can avoid controversies like the one that recently surrounded the closing of the Maytag plant in Galesburg, IL. When Maytag Corp. started talking about closing shop and moving 2,000 jobs out Galesburg a few years ago, the community and the state put together a package of millions of dollars in grants and loans to induce Maytag to stay. The company took the money but then decided to close its factory and transfer manufacturing to Mexico anyway. The local prosecutor has sued Maytag to recover $1.1 million in property taxes. Read more. Here's some more background on the situation in San Antonio. Read more. posted by Ed Morrison |		This work is licensed under a Creative Commons License. links 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. So, spread the word...Share the knowledge. Tell a friend about EDPro Weblog. If you are using a news reader, here is the link to syndicate this site: Here's the link if you are a bloglines subscriber: 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.

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