Publication Date

11-20-2008

Category

Economic Development, Arts/Culture

Abstract

Multiple IDA’s confuse businesses and force them to navigate too much red tape. There are too many IDA’s and they have overlapping areas of responsibility. Multiple IDA’s contribute to the region’s economic decline. Multiple IDA’s foster a spirit of intramural competition among municipalities rather than fostering a spirit of cooperation to compete at the varsity level (i.e. national and international level. No real growth is generated by multiple IDA’s just business moving from one part of the community to another. “There is no such thing as a successful suburb if the city is dying.” IDA competition lures business from one area of the region to another and very rarely attracts new business from outside the region. Individual IDA’s within Eire County get played-off one another to the detriment of local real-property tax payers.

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