[Summit] list and amounts of subsidies to businesses in RI

[Greg Gerritt]

There is much about how economic development in RI operates that is
completely at odds with what ought to be done.  Subsidizing capitalism with
tax dollars only comes about because the those getting the real subsidies
spend a portion on favored congressmen, insuring their continued favor.
Thank you Karen for pointing out one of the ways that our current system is
designed for the failure of our communities.  For some ideas on how we might
help the economy work better check out
http://prosperityforri.com/38-studios-and-economic-development-in-rhode-isla
nd-2/      greg    

From:  Karen Klingon <kklingon at earthlink.net>
Date:  Sun, 2 Dec 2012 08:27:40 -0500
To:  Summit Neighborhood <Summit at sna.providence.ri.us>
Subject:  [Summit] list and amounts of subsidies to businesses in RI


On Nov 27, 2012, at 1:00 PM, summit-request at sna.providence.ri.us wrote:

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Very interesting and exhaustive investigative piece in the NY Times about
"The United States of Subsidies". Here's a link to the list of subsidies and
other incentives for businesses in Rhode Island:

http://www.nytimes.com/interactive/2012/12/01/us/government-incentives.html#
RI

Donald J. Hall Jr., the CEO of Hallmark (Kansas City, MO), is quoted in the
article:  
³If you¹re looking at the competitiveness of a region, the most important
thing a region can do is to focus on education. And this use of incentives
is really transferring money from education to businesses.²

--Karen
Chace Drive


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