A company or organization wants to start some project with economic development assistance from the government. They make applications to state boards or local governments, and in those applications they make promises.
They’ll create jobs, they say. They’ll generate tax revenue. And when the tax breaks or subsidies are approved, the politicians doing the approving typically take a victory lap.
But does anyone ever look back to see if the promises made in the process of procuring government largesse are kept?
Fargo City Commissioner Tony Gehrig, an outspoken critic of this approach to economic development, says no. At least not in his community.
He joins this episode of Plain Talk Live to discuss.
All episodes of Plain Talk Live are also available on the Plain Talk podcast, which you can subscribe to by way of your favorite podcasting service.