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Do Not Assume Economic Development Spending is Effective

Is economic development a nuclear arms race?

… more spending on state economic development: “It’s not competitive,” … The problem is that economic development spending is an ineffective … spend on the programs has an economic effect as well. Numerous … practical — to believe that economic development incentives have little … disappeared.) Thus, if economic development were an arms race, …

Economic Interference Week

Economic Development Week is no cause for celebration

The International Economic Development Council is recognizing … promoting what it calls “Economic Development Week,” designed to … If anything, government development agencies interfere with rather than facilitate economic well-being, particularly … under the rubric of economic development and job creation. Decades …

How to Improve Economic Development Transparency

State considers changes to economic development disclosure

The state is looking to improve its transparency and is targeting its economic development reports, according to MIRS, a Lansing-insider newsletter. The state received suboptimal ratings from the Public Interest Research Group and is seeking to improve its position. It is good that the administration …

Economic Development Deals Should Have Greater Accountability

House Economic Development and Small Business Committee

… submitted to the House Economic Development and Small Business … Bills 5413 – 5415. An economic development program ought to be … will improve the state’s economic growth. I recommend that … should be based on the state’s economic performance data. I recommend … idea to require that economic development programs develop the …

NorthGate: A case study in political development

Subsidies produce neither jobs nor economic growth

… Gretchen Whitmer touted her economic accomplishments when she … without effecting Michigan’s economic trends. They are examples of political development more than economic development. Political development can still cost the taxpayer, …

Michigan Employers Create Thousands of Jobs without the Aid of Politicians

Economic development programs just transfer money to a lucky handful

… by taxpayer-funded economic development programs — those that … every state has an economic development apparatus, such as the Michigan Economic Development Corporation, that awards … The efforts of these economic development programs only amount … that might have had larger economic impacts if spent on something …

Economic Well-Being Tied to Economic Freedom

The best economic development tool is a free market

… deeply affected people’s economic and fiscal well-being and … idea that the best economic development tool is a free market, … of what made for a sound economic policy before the pandemic … measure the degree to which economic freedom rules in each state … Strategic Fund and Michigan Economic Development Corporation) and related …

Will Republicans Backtrack on Corporate Welfare Cuts?

Many economic development programs receive bipartisan support

… authors. Under the heading “GOP Economic Theory” they say this: In … of the government picking economic winners and losers. [Emphasis … Leaders Announce Jobs and Economic Stimulus Plan: Creating Manufacturing … the renewal of the Michigan Economic Growth Authority tax credit … the central planning of our economic lives. They should not have …

Politicians Get Too Much Blame — and Credit — for Economic Trends

Partisan interpretations of economic data harms policy development

… data a narrative about how their party is responsible for the positive development and the other party is responsible for the negative ones. Another interpretation … so do entrepreneurs and business managers who do the heavy lifting of economic growth. It would be better to stop providing instant partisan interpretations …

New Subsidies More about Political Development than Economic Development

Economic conditions matter more than giving targeted taxpayer dollars to developers

… companions. But plenty of development is built without direct … housing and multiunit housing developments. Developments of five units or more took … recent changes in state economic development policy. The state converted … due to the state’s general economic recovery. Commercial and …