Ann. Political leaders are rewarded with big announcements and there is little incentive to see if the deals actually produced. To be fair, we know that some do and some do not. That is predictable. But by not measuring if deals are successful or not, we can't learn from deals that did not pan out. We keep ourselves from improving.
I understand the intense competition between states to attract job-creating investments, but rather than grants, why not offer collateralized loans, or even co-signed loans by the company’s shareholders?? Make state incentives contingent on the company meeting goals and objectives. Turn the tables.
It would be enlightening to examine the Scout Motors deal. The people of Blythwood had no say, the legislature had the deal rammed through faster than a jack-rabbit on the promise of jobs and other promises, and forked out mega-bucks. How many jobs were actually created? How much was recovered? The land leveled for the deal, well that’s another story.
The question bears asking, if the labor pool was not there to fill the jobs, was that not examined before the deal was made?
Ann. Political leaders are rewarded with big announcements and there is little incentive to see if the deals actually produced. To be fair, we know that some do and some do not. That is predictable. But by not measuring if deals are successful or not, we can't learn from deals that did not pan out. We keep ourselves from improving.
Shine the light!
I understand the intense competition between states to attract job-creating investments, but rather than grants, why not offer collateralized loans, or even co-signed loans by the company’s shareholders?? Make state incentives contingent on the company meeting goals and objectives. Turn the tables.
It would be enlightening to examine the Scout Motors deal. The people of Blythwood had no say, the legislature had the deal rammed through faster than a jack-rabbit on the promise of jobs and other promises, and forked out mega-bucks. How many jobs were actually created? How much was recovered? The land leveled for the deal, well that’s another story.