Saturday, January 10, 2004
When the incoming Governor of Georgia, Sonny Perdue, read the deal that his predecessor had negotiated with DaimlerChrysler, "his jaw hit the floor", according to his staff.
Georgia assembled a $200 million incentive package for DaimlerChysler's proposed van plant in Savannah. Last fall the company announced that it would not go ahead with the plant.
The Atlanta Journal-Constitution got a copy of the deal by filing a freedom of information request.
The deal includes $9.6 million in annual cash payments to the company. The payments totaled $56 million over 6 years. In addition, the company received unprecedented control over the impact studies for the project. Learn more.
On Wednesday the Governor indicated that he would never again include cash incentives as a part of a deal. On Thursday, he reversed himself and said that he would , "Never again say 'never again'". Read more.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
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Anatomy of a Deal: DaimlerChrysler in Savannah
