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Lee County, FL launches $25 million cash incentive for expanding/relocating businesses

At a time when tightening credit markets are limiting dollars for economic development, one Florida county has responded with a $25 million cash incentive fund that can provide significant capital for expansion and relocation. Lee County, situated in the heart of Southwest Florida, has launched the FIRST (Financial Incentives for Recruiting Strategic Targets) Initiative as a negotiated, performance-based in ...

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Piracy: The Illegal Incentive

In the civilized, regulated realm of economic development, there are heaps of financial incentives, job training programs, small business loans and corporate tax rebates available to assist communities grow their local economies. States develop enterprise zones, governors offer opportunity funds and fledgling firms form industry clusters. But what does 'economic development' look like in impoverished boomto ...

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Bismarck isn’t sinking

The economic wise men gathering around President-elect Obama in Chicago will be heading to Washington next month to try to jump-start the faltering U.S. economy. They may want to take a side trip to Fargo first. According to a front-page report in Saturday's New York Times, thus far the state economy in North Dakota has been immune to the downward pull of the recession that is gripping the rest of the count ...

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Power portal

Anyone who has taken a ride on Washington's Metro subway line knows that when it comes to making capital improvements in the nation's capital, Congress will spare no expense. The new Capitol Visitor Center, officially opened to the public yesterday, is no exception. Conceived in 2000 as a modest, secure underground greeting center for tourists visiting the Capitol Building, the project mushroomed into a pal ...

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Bratislava Is Not Detroit, Just So You Know

As they continue their pleas for a federal bailout (hopefully while forgoing end-of-the-year bonuses and use of corporate jets), the figureheads of major U.S. automobile companies took a little left jab to the jaw from, of all places, Slovakia! "We're in a good position to grow," says Maria Novakova, secretary-general of Slovakia's Automotive Industry Association. "Frankly, we don't want to be compared to D ...

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