Sunday, July 16, 2006
Ohio faces the prospect of a ballot initiative to allow gambling casinos in Cleveland.
Proponents of the casinos argue that the state will get needed money for higher education.
But the money comes with a cost. (No free lunch, remember?)
According to an economics professor at John Carroll University, the math is simple: the state stands to lose $2.8 billion in income to gain $900 million for education. Read more. (Much of the money will end up in the pockets of real estate developers and casino owners.)
If Ohio gains casinos, it's not likely to have much of a boost to the economy. In Michigan, where casinos are allowed, gambling accounts for 0.6% of the state's gross state product.
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.
Gambling for Ohio?
