Sunday, March 03, 2019
TKC FACT CHECK!!! KANSAS CITY 'MOMENTUM' IS MOSTLY HYPE!!!
Now in the WINTER OF OUR DISCONTENT let's contemplate some disappointing economic data that was mostly overlooked or used to spin the "need" for even more Kansas City corporate handouts.
Decided . . .
EVEN LOCAL BIZ LEADERS NOW REALIZE THE PROMISE OF ECONOMIC "RENAISSANCE" SPARKED BY OVERWHELMING KANSAS CITY TAX BREAKS AND SUBSIDIES HAS BEEN UNREALIZED AFTER HUNDREDS OF MILLIONS TAXPAYER DOLLARS INVESTED!!!
A brief biblical illusion, the downtown dream is built on sand and local creative tech and biz leaders turn out to have feet of clay.
A bit of supporting data . . .
KCMO Wages FALL BEHIND The Metro
Gross regional product (2013 to 2017): Kansas City grew 5.7 percent, compared with 12.5 percent average growth of peer metros
KCMO Households Making LESS Money
Median household income (2014 to 2018): Kansas City grew 6 percent, compared with 8.3 percent average growth of peer metros
KCMO Job Growth FALLS Behind Metro
Quality jobs (2013 to 2017): Kansas City wages grew 7.8 percent, compared with 10.7 percent average growth of peer metros
Unfortunately, the mistake here is that most everybody running for mayor seem to believe that OFFERING EVEN MORE handouts to suits who talk a good game about development and use buzzword-laced jargon is the answer.
Instead, voters are crying out for more attention to neighborhoods and PUTTING MORE POLICE ON KANSAS CITY STREETS whilst most of the candidates are too busy talking social justice, balancing corporate handouts with City Hall political extortion and continued speculative development as another recession looms.
Check the links:
CNBC: Nearly 100% of corporations say there will be no US recession this year
KCUR: Kansas City Residents Ask The City To Spend On Services And Supporting Entrepreneurship
STARTLAND: KC Rising update - Kansas City falling short in economic race with peer markets
As always, thanks for reading this week and hopefully we'll have more for the morning update . . . STAY TUNED!!!