Going for the "Big Score" or hedging your bets: Two economic development strategies

A few days before a committee of the Wisconsin Legislature held a hearing on an audit of the state’s 152 economic development programs, Florida Gov. Jeb Bush announced his state would spend $300 million to convince a major biomedical institute to open a center in Orlando. The events are related because they underscore differing philosophies about state business growth strategies.

The Legislature’s Joint Audit Committee met to hear an audit report that concluded Wisconsin’s economic development efforts include 152 programs, including some that are outdated or duplicative. The report generally urged greater accountability of how public dollars are spent.

Tom Still

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