Monday, May 15, 2006
This morning, the U.S. Supreme Court rejected a challenge to Ohio's investment tax credit program designed to encourage economic development in a case about tax breaks to DaimlerChrysler for a Jeep plant in Toledo (DaimlerChrysler Corp. v. Cuno).
The justices unanimously ruled the plaintiffs did not have the legal standing or right to challenge the investment tax credits. You can read the transcript of the oral argument here.
The justices did not decide the merits of the argument by the plaintiffs that the tax breaks unconstitutionally interfere with interstate commerce by giving preferential treatment to investment within the state.
A North Carolina court rejected a challenge to the incentive package for Dell on similar grounds: The plaintiffs did not have standing to sue. 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.
Supremes reject challenge to Ohio's tax credit program
