Saturday, January 29, 2005
Some interesting incentive news this week.
The Dell deal is still not done. The lawyers are working on the details. Read more. (That was $267 million in state incentives and $37.2 million in local incentives for 1,500 jobs: $203,000 per job)
The fall-out from Dell is hitting other communities in North Carolina. A $5 million deal to attract a Sysco warehouse and distribution center has come under attack. Read more. ($5.2 million for 600 jobs: $8,700 per job)
Meanwhile, in New Mexico, Bombardier officials have told the State that it will have to come up with $700 million in incentives if it wants the 5,000 jobs for a new aircraft assembly plant. Read more. ($140,000 per job)
In Iowa, an Associated Press article criticizes the money invested in two firms through the Iowa Values Fund. Read more. The report concludes that investments in two companies -- Wells Fargo and Trans Ova Genetics -- will end up costing the state $21 million, even after including increased economic activity from the investments.
The head of Iowa's Department of Economic Development has responded to the report on public radio.
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.
Incentive news of the week
