Tuesday, April 18, 2017

SHAME!!! KANSAS CITY ECO-DEVO DOESN'T WORK: JUST ASK 18TH & VINE!!!

From the money losing P&L District to the KCMO Jazz District FAIL to the tune of more than $100 MILLION over the past generation . . . Here's more data that reminds locals that handouts don't really work. Take a peek:

Economic Development Policies Still Failing

Steve Rose may not care what the research tells us, but the research is mounting. Studies by UNC-Chapel Hill, the St. Louis Development Corporation and now the Upjohn Institute for Employment Research all confirm that economic development subsidies just don't work.

7 Comments:

Bob said...

It depends on what you mean by does/doesn't work. If you mean do economic development subsidies spur business development, create jobs, etc., of course they don't. But if you mean do economic development subsidiaries transfer gobs of taxpayer money to political cronies, they work great.

Anonymous said...

What happens when this pretend prosperity of construction ends and people discover there really is nothing being produced much less drive wages up. How many major employers producers of goods have moved here. Besides taxpayer subsidized Cerner.

Anonymous said...

It appears that welfare and crime is doing well at 18th and Vibe.

Crazy Clown said...

Well look at whats inside KCMO City Hall for starters !!!

nothin' but Communist Liberals of the Democratic Party who live off welfare programs as much as they can get !

its how those Gypsy Communist Liberals work, always coming up with lies to steal your Money !!!

Anonymous said...

100 million dollars wasted. Thank you good reverend Cleaver.

Anonymous said...

It's very telling when even black-owned businesses can't make it in the 18th & Vine District. How many times has a restaurant (black-owned) tried to stay in business, without success. The black community can't support their own, and the white folks won't go down there, day or night.

xalti said...

excellent article. Too bad we can't make city hall see the reality of this information instead of throwing good money after bad down the hole.