Been v. busy so sorry about the lateness of my reply.

On 17 Apr 2010, at 15:42, John Sechrest wrote:

> 
> 
> On Sat, Apr 17, 2010 at 5:37 AM, Paul Robinson <[email protected]> wrote:
> On 14 Apr 2010, at 16:00, [email protected] wrote:
> 
> 
> Old model: attract major employers to the area
> 
> New model: make the area attractive to SMEs and freelancers
> 
> I've yet to see a single city or region on the planet prepared to do 
> everything needed to do that, because it's hard to tick the boxes and show 
> the outputs. Good luck.\
> 
> Can you elaborate on the "do everything needed.." bit?
> 
> There are several cities in regions addressing this question. What particular 
> things do you see different groups not doing?



In the UK there is a *huge* pot of money that goes towards 
"economic/business/cultural development" in the regions that is handled by 
Regional Development Authorities (RDAs for short). I expect what they do is the 
same in most parts of the World: take some public money, spread it around, and 
hope Good Things happen.

Problem is, their output model has things like "Jobs created" and "Turnover 
increased". They need to show that for every £1 million they spend, they create 
'x' number of jobs or improve the economy by £y.

Now consider you have two options:

1. Subsidise a major employer to move to the area who will build a facility 
housing 500 staff, and whose stated aim is to increase profits by 10% each year
2. Subsidise facilities for 500 individuals who don't want to grow and take on 
staff, and whose stated aim is to have a high quality of life

Given your job is on the line, you're likely to opt for the first option. It's 
backward thinking but it has a major impact at regional, city and local levels. 
What is needed is a completely different model of thinking about how to fund 
economic and business development, and ideally one that is based on quality of 
life rather than indefinite, infinite, unsustainable "growth".

Sorry if that sounds like a rant, but I've had enough of the public money 
problems in the UK to last me a lifetime.


--
Paul Robinson

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