Sunday, August 21, 2005
Here's the latest news in incentives that I found:
A public opinion poll in North carolina finds support for economic development incentives. Read more.
Austin has put together a $59 million package for Samsung. Read more. But the package is about to swell with outher entities -- like the school district -- adding to the package. Meanwhile, New York State is moving ahead with its own effort to attract Samsung. Read more.
Here's a good article focused on York International and the role of incentives. it argues for increased scrutiny for tax breaks. In the case of York, the promised job gains apparently never showed up. Read more.
The problems of York are not as serious as the proiblem Wichita faces. Economic developers got left holding an empty bag; now they are looking to recover some money from a company that went belly up. Read more.
West Virginia is about to review its incentives policy. Read more.
Office Max has consolidated its headquarters outside Chicago. Illinois put together a $20 million package for the deal. Read more.
New York State is increasing its "wired building" program. Read more.
On September 1, Texas is launching its new program to provide incentives for retail development. Read more.
posted by Ed Morrison |
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.