State gov economic development incentives are an interesting topic. Decades ago my father owned stock in an economic development corp entity in a rural area where we lived. Rural areas had been depopulating for 80 years by then. Yet nobody realized the obvious: that they would continue to lose population. Our local school district built a new enlarged high school to accommodate growth that never came. In college business professors talked about towns subsidizing office parks and light industrial parks at the edge of town nobody would ever use. It’s like the old movie, Field of Dreams, “build them and business will come.” It often doesn’t.
State gov economic development incentives are an interesting topic. Decades ago my father owned stock in an economic development corp entity in a rural area where we lived. Rural areas had been depopulating for 80 years by then. Yet nobody realized the obvious: that they would continue to lose population. Our local school district built a new enlarged high school to accommodate growth that never came. In college business professors talked about towns subsidizing office parks and light industrial parks at the edge of town nobody would ever use. It’s like the old movie, Field of Dreams, “build them and business will come.” It often doesn’t.