{"id":17325,"date":"2014-06-03T11:49:29","date_gmt":"2014-06-03T15:49:29","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=17325"},"modified":"2014-06-03T11:52:27","modified_gmt":"2014-06-03T15:52:27","slug":"is-that-a-good-statelocal-economic-development-deal-a-checklist","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2014\/06\/03\/is-that-a-good-statelocal-economic-development-deal-a-checklist\/","title":{"rendered":"Is That a Good State\/Local Economic Development Deal? A Checklist"},"content":{"rendered":"<p><em>Naked Capitalism<\/em> has the article <a title=\"Naked Capitalism article\" href=\"http:\/\/www.nakedcapitalism.com\/2014\/06\/good-economic-development-deal.html?utm_source=feedburner&amp;utm_medium=email&amp;utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29\" target=\"_blank\">Is That a Good State\/Local Economic Development Deal? A Checklist<\/a>.<\/p>\n<p>I&#8217;ll give you the checklist, but you&#8217;ll have to read the article to see what is said about the items.<\/p>\n<blockquote><p>1) Is this a new project, or is the subsidy simply being given to move an existing facility from one location to another?<\/p>\n<p>2) Is this a retail project?<\/p>\n<p>3) How many jobs will be created?<\/p>\n<p>4) What are the pay and benefits for this job?<\/p>\n<p>5) Does the project require the use of eminent domain?<\/p>\n<p>6) Does the area that will host the project have objective evidence of economic deprivation, such as high unemployment or low per-capita income?<\/p>\n<p>7) What is the track record of the company involved?<\/p>\n<p>7a) Is the company\u2019s identity hidden by a site location consultant?<\/p>\n<p>8) What taxpayer protections are built in?<\/p>\n<p>9) Would the investment go forward even without the subsidy?<\/p>\n<p>10) Does the project connect to the public transportation grid?<\/p>\n<p>11) What is the opportunity cost to government?<\/p><\/blockquote>\n<p>These are the kinds of issues I had in mind when I asked various gubernatorial candidates visiting Sturbridge whether or not they had a better plan to deal with companies wanting subsidies to come to Massachusetts.\u00a0 I wanted to make sure that the candidate would not be a patsy, and give away too much without getting enough in return.<\/p>\n<p>That goes for the local level as well as for us citizens. Don&#8217;t be a patsy when the poor rich companies come begging for help to fund their hugely profitable businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has the article Is That a Good State\/Local Economic Development Deal? A Checklist. I&#8217;ll give you the checklist, but you&#8217;ll have to read the article to see what is said about the items. 1) Is this a new project, or is the subsidy simply being given to move an existing facility from one [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-17325","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/17325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=17325"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/17325\/revisions"}],"predecessor-version":[{"id":17327,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/17325\/revisions\/17327"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=17325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=17325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=17325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}