Medical Development Trends, Urban Land, Vol. 69. Number 11/12, November/December 2010, P.46-61 This is not intended to be a review of the health care sector. Rather, the Curmudgeon hopes to raise the interest in the health care sector as a high priority target for a local business retention and expansion. Ever more interested in affairs […]
New times and new realities command change and adaptation. The Journal of Applied Research in Economic Development is no exception. With the beginning of the New Year, Volume 8, we introduced our latest and greatest version of the Journal. The NEW Journal is exclusively online. The core of the new Journal will be two reviews, published each month, under the byline “In the Trenches”. “In the Trenches” is our “above the fold” cornerstone around which the reviews will focus, reflecting our central purpose of translating academic and think tank research into the language of local economic directors in the field. We invite your feedback and contributions.
Any reader of the articles in “The Ugly” knows pretty quickly where their authors stand on tax abatement and incentives. If the title of the articles does not suggest a conclusion, the opening paragraph of Alan Peters & Peter Fisher’s, The Failures of Economic Development Incentives”, Journal of the American Planning Association, Vol.70, No 1, […]
In my professional life the two sources of information regarding tax abatement effectiveness seemed to issue from either Think Tanks/Institutes whose membership and revenue base was drawn from labor unions, or from academia. Conversely, in response, practitioners of local economic development, one after another, would counter any criticisms and outrage from academia or the Institutes […]
The articles reviewed in this section are labeled “The Good” simply because they accept the existence of tax abatement and incentives. They acknowledge that under some circumstances tax abatement can be productive and useful and are searching to both understand how abatements actually operate in the field and how to improve their performance. The Economic […]
What is responsible for the controversy regarding the use of tax abatement in local economic development? Specifically, should the serial tax abater feel ashamed or proud for what he has done in his past life? It is the recipient that is the heart of the tax abatement controversy.Our take on this question is that the […]
Our discussion on the New Normal and the Post-Financial Crisis centers chiefly around two major conceptual positions. The first is the New Normal label and its conceptual underpinnings and was developed by Mohamed El-Erian, CEO of America’s largest asset manager, PIMCO. The second conceptual position is drawn from Reinhart & Rogoff’s, This Time is Different. It is worth note that El-Erian put his concept together in 2008-2009 period and Reinhart and Rogoff in early 2010. They have been mostly right thus far into 2012. The article first appeared in January 2011 and has been edited and updated for this issue.
Assuming the reader has waded through our initial review of the New Normal, the obvious question on your lips as you start this review would be: So… if we are in this New Normal,” What Should We Do”? So what is to be done? This review will depressingly conclude that there is no instruction manual […]
Last week, in a well-reported address, New York Mayor Michael Bloomberg made an impassioned argument that stimulating innovation is an essential federal economic role around which Democrats and Republicans can and should find common ground. Bloomberg called innovation “capitalism’s most powerful force” and said “Unless we innovate, we cannot hope to succeed. And if we do innovate, there is no way we can fail.”
As our initial review, I wanted to select a theme on which I was eminently qualified to speak. That issue has to be “decline”. I spent over eleven years as CEO of a major economic development organization in Erie County (Buffalo), New York. During my tenure, I presided over a decade of frustrating, solution defying population and job loss, and to make matters ever more pleasurable, was usually cited as an important cause of that decline. Accordingly, when I read the Hamilton Project report I was impressed that a prominent research think tank had called attention to a real but ignored, situation; a group of beleaguered communities no longer had to suffer in shame and isolation.