Friday, April 01, 2005
One of the main challenges facing regional collaboration comes in sharing the costs and benefits of development. Take the case of the three counties of Charleston, SC region: Charleston, Berkeley and Dorchester counties. Charleston pays the most money into the regional development alliance. Berkeley gets more than its share of development projects (and tax revenues), and Dorchester county sees more than its share of residential development (and associated costs).
Multi-jursiductional development districts represents one way to share costs and benefits equally. Toledo and Oregon, OH are choosing this approach to manage a planned $350 million coke plant . The agreement arose out of a boundary dispute. Both cities claimed the land on which the coke plant is to be built.
The agreement establishes a joint economic development zone, so that the cities can split tax revenues from the plant equally. Read more
posted by Ed Morrison |
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.
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.
Sharing the benefits of development
