Wednesday, February 02, 2005
Here's what has been happening on the incentive front this week.
Taking a page out of the Boeing playbook, Bombardier appears to be leveraging New Mexico to get a better incentive deal from its home province of Quebec. Read more.
To the local paper in Charlotte, some local incentives appear to be simply wasted. Why pay food distribution company $200,000+ for 80 jobs they would have created anyway? Read more.
Texas lawmakers want more "oversight" (read: influence) over the huge Texas Enterprise Fund. Read more.
Louisiana Pacific has landed an incentive package equal to about $130,000 per job. Read more.
Iowa's top EDPro defends incentives, but Iowa's top academic expert on incentives say they waste a lot of public money. Read more.
A report by a Washington-based advocacy group, Citizens fora Tax Justice, points to the loss of state tax revenue from state tax incentives. Read more. Download the report from this page.
NFL owners know how to play hard ball. Los Angeles doesn't have an NFL team. Here's an interesting article about how NFL owners use that fact to extract concessions from cities like New Orleans. Read more.
Some Arizona legislators are trying to limit the use of incentives within the state. 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.
Incentive Watch
