We talked about these issues throughout the mayoral campaign.
All too often, community tax dollars benefit the few at the great expense of the many. Our economic development decisions are maintaining a system of inequality.
In a "new economy" how would economic development create real community prosperity?
The executive director of BALLE (Business Alliance for Local Living Economies) provides an overview with selected curatives.
Doing Better: The $80 Billion Shift We Need Now for Economic Democracy, by Michelle Long (via Huffington Post)
Local independent business owners simply must cease performing the ritualistic Kool-Aid communion with municipal officials who are unable (read: unwilling) to understand these points.
You're simply not being helped by their glib assurances.
You're being hurt.
Here are five ways to kick start the necessary shift, but please, click through and read the entire article.
Shifting up to $80 billion (the money spent annually on economic development incentives) presents a massive, ready-made opportunity. Doing better would mean new eligibility rules for community economic development incentives. A community's dollars should be used to support its own people, with particular focus on the areas with the greatest need. If we want the majority of people to receive the maximum return on their community's investment then small businesses must be strengthened at every turn. Minority and women ownership should be prioritized to level the playing field. Bigger businesses should be supported in their efforts to transition to employee ownership.