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More corporate welfare. Why should DC be handing money to businesses at all?

Debates about economic development are too often dominated by those who oppose all government efforts to support businesses and those who never see a subsidy they don't like.

I think most people are less interested in either ideological position, and just support what works.

If a city-supported project is structured to yield knock-on benefits that greatly exceed the cost of the project, why shouldn't we support it? The first several TIFs in DC were like that.

We need to have guidelines for discerning what projects are likely to work, and what projects are not likely to work. Check out my earlier article, What can DC learn from its successful subsidies?

by Ken Archer on Jul 6, 2012 11:14 am • link • report

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