Background on the St. Louis BioBelt

Tuesday, May 10, 2005

Here's a good article on the BioBelt in St. Louis. Read more.

One of the major challenges facing EDpros is managing expectations. Too often, economic development is driven by the transaction. As a consequence, a lot of dumb incentive investments -- driven by the pressure to get something done -- waste money.

The bigger challenge is to refocus economic development activities on more appropriate target investments: Building the foundation's for tomorrow's economy. That requires setting the right expectations.

posted by Ed Morrison |

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