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Economic Development Incentives: A State Strikes Back

Any adult with walking around sense knows it true – that the best laid plans of mice and men often go awry.

I am paraphrasing, because the original prose comes from a Robert Burns’ poem "To a Mouse," which read: "The best laid schemes o’ mice an’ men / Gang aft agley." Translation: We will mess up.

In virtually every state in this country, elected officials have stood at podiums to announce wonderful economic development projects that would never subsequently happen. In their defense, they believed what they said to be true and accurate, even if their news conferences were hastily convened.

But projects blow up for a variety of reasons. Sometimes both sides – the company considering the community for the future investment and sometimes the community itself – have not thought things clear out. And when there is a lack of due diligence and study, plans do go awry.

Dean Barber

Full Story: http://deanbarber.wordpress.com/2013/11/24/lost-but-not-forgotten-a-state-strikes-back/?goback=.gde_83689_member_5810342638225743874#!

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How to Stop the Economic Development Wars http://www.matr.net/article-58302.html

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