[CPEO-BIF] Subsidies
Peter B. Meyer
pbmeyer at louisville.edu
Thu Oct 26 12:08:14 PDT 2006
No, if Peter may respond to Barry, the whole point is NOT to promulgate
one-size-fits-all standards. The claw-back provisions in the economic
development programs I remember from the 1970s, starting with some in
Pennsylvania, did not involve the state government in setting specific
standards, other than minima to qualify for state support, but the
developers or new businesses declarign what they thought they could
acheive as they applied for higher levels of public support. All the
clawbacks did was hold them to commitment they VOLUNTARILY made in
return for public dollars.
Who is being punished in such a regime, Barry? Perhaps it was companies
whose markets disappeared and who could ot generate the needed number of
jobs, but all that I have proposed is a level of mitigation as a
condition to which clawbacks might apply -- that is much more under the
control of the developers!
Peter
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