To meet Amazon’s criteria and to be able to afford to offer a big tax incentive, a city is likely to already be doing relatively well in today’s economy, said John Lettieri, Co-Founder and Senior Director for Policy & Strategy at Economic Innovation Group. “Economic development strategy can’t be based on these once-in-a-lifetime location opportunities,” he said. “Cities can understandably go crazy over something of this scale, but it’s no substitute for the benefits of having home-grown growth. That’s the foundation for stable growth in the longer term, not the lottery ticket.”
…
By: Kim Hart, Axios
Read the full article here.
