Economic Development?

I have always thought that the promise of ‘economic development’ was a “LIE”…..it is the promise of something that is not going to happen to justify some sort of con perpetrated on the community.

I got thinking about this term more when I watched a piece on the local news…..the head honcho of the country economic development was taunting the building of several small strip malls.executive offices…as a bright world in which the county lives in……

First of all let’s define the term ‘economic development’…..

Economic development is a concerted effort on the part of the responsible governing body in a city or county to influence the direction of private sector investment toward opportunities that can lead to sustained economic growth. Sustained economic growth can provide sufficient incomes for the local labor force, profitable business opportunities for employers and tax revenues for maintaining an infrastructure to support this continued growth. There is no alternative to private sector investment as the engine for economic growth, but there are many initiatives that you can support to encourage investments where the community feels they are needed the most.

That definition is all blue skies and unicorns.

My question is to the city council where is this building economic development?

They built a structure that may remain empty….they employed a couple of guys to erect the structures but where is that economic development?

I mean where these couple of small malls were built sits in an area full of unused space……just two blocks away is a large strip center that sits 90% unoccupied….about one mile away is a large strip mall that is only about 70% occupied and 2 miles away is a strip center that has many open spots for businesses to jump on…..and this does not include the smaller strip malls within a 5 mile radius that sit basically unoccupied…so why were these new malls necessary?

So with this said where is all that ‘economic’ upside?

All this is just my area…..the broader look at local development is just as bleak…..

The average minimum wage in my county is $7.25…that is about half what is needed for a living wage.

So again I ask what ‘economic development’?

Land speculators and contractors are the only people making out like bandits…..by using the BS of ‘economic development’….there is few economic benefits for the average worker in this county.

My next question is….how with so many open spaces for businesses to expand how does a contractor/developer get the cash to build something that may go unused?

Of course I am told that these new structures will benefit the community…..and how does a empty office space enhance my community?

Just who will benefit from this non-existent economic development?

What makes anyone on the council think that business will rush to snap up this new space?

Are the objectives of development met by these structures….those objectives are 1) provide for basic needs.  2) Raise the level of living.  3) Expand the range of economic and social choices.

These structure fail.

How does these ‘new’ buildings offer any of those?  Just who profits from this wish and a hope of destroy land and cutting down trees om a wish and a hope?

My thought is that if we truly wanted economic development then maybe paying livable wages would do more than the promise of empty buildings.

The council needs to design a plan and program for filling empty spaces before the destruction of more land….the council works for the people of the city and should not bow to the cash and wishes of developers….especially on the lie of ‘economic development’.

Just a thought.

I Read, I Write, You Know

“lego ergo scribo”

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