"All economic incentive requests are thoroughly reviewed by staff and a strategic formula is used to determine the level of inventive that can be offered by the city."
Today, Thursday, January 23, 2014 I received the following e-mail in response to my public information request. I can only assume 22 days was time enough for city staff to write the Mayor's "strategic formula."
"Dear Mr. Jones:
Thank you for your PIRT # 3135 request regarding Economic Incentive Strategic Formula. Per your request, attached are the standard incentive guidelines and urban investment guidelines used in the evaluation of incentive requests sent from Reggie Delahanty in the Economic Development and Business Support Office.
I hope this information is helpful to you. Please let me know if you have any additional questions.
Sincerely,
Sarah Healy
Sarah B. Healy, Public Records Administrator
Communications Division - 336-373-3282
City of Greensboro
PO Box 3136, Greensboro, NC 27402-3136
www.greensboro-nc.gov "
Attachments:
Urban Development Investment Guidelines
Economic Development Guidelines-- City of Greensboro
You'll note that on Page 1 and leading into Page 2 of the document Economic Development Guidelines-- City of Greensboro, are the Guidelines For Financial Assistance of which at least 2 must be met. These guidelines push Greensboro's small businesses completely out of the picture even though small businesses make up the backbone of Greensboro's and the nation's economy. How can we have economic development if the vast majority are pushed off the field and never allowed to play the game? Why are only the rich allowed to be given money to start, run or grow their businesses?
And why haven't we heard Nancy Baracat Vaughan talking about trying to change the "strategic formula?"
Peruse the links and form your own opinions of Mayor Vaughan's "strategic formula" I'm done for today.
Continue reading Incentives In Greensboro: Part 15
