The Council voted 7-2 to approve $60,000 for the next 12 months – another consultant for economic development. Evidently the City gets lots of call from entrepreneurs who know nothing about running a business, this group will help them.
So to recap: The City gives the local Economic Development Council (EDC) $100,000 per year, pays an economic development employee around $60,000 (benefits not included), and now $60,000 for NDC. So, any new businesses must generate at least $220,000 to the City just to break even. The NDC will advise on who should have access to loans. Since they are on a list of organizations trying to destroy capitalism, what kind of businesses will they say should receive funds? I can guess.
by: Diane Benjamin
Government spending to prop up businesses, that can not exist without help, promotes mediocrity.
The Downtown Business Association (DBA) has no incentive to fund themselves when…
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