| Economic development corporations across | | | | support to and therefore the later moved out |
| America are looking for ways to revitalize | | | | of your region taking the jobs with them and |
| their local economies. They wish to provide | | | | leaving you a big giant vacant building. |
| higher paying jobs, cleaner industries and | | | | This of course does not serve your regional |
| monetary inflows. This of course is a great | | | | economic vitality.The service sector is |
| goal for a regional economy, however economic | | | | essential to any high-tech industry whether |
| development agencies would be advised to | | | | it be E85 ethanol research development or the |
| carefully study from which new industries in | | | | latest in RFID chips and components. And by |
| which market sectors they recruit.High-tech | | | | service sector, I mean everything from inert |
| office parks often provide higher paying | | | | gas distributors to next day shipping |
| jobs, which is a boost to the local economy. | | | | suppliers. The high-tech company or a group |
| Indeed, it would be great to have all local | | | | of companies set apart in a brand-new |
| jobs with high salaries. In economic | | | | high-tech office park will need such a |
| development associations they need to | | | | support structure to function, take advantage |
| consider that if they are willing to recruit | | | | of the market and give you in your region |
| high-tech industries they will need to have | | | | those high paying jobs that you are trying to |
| in place prior to do business is moving in a | | | | recruit for.So often economic development |
| good manufacturing and service base economy. | | | | associations will go out of their way along |
| High-tech business parks need support | | | | with city councils to give away tax credits, |
| businesses in ancillary industries to carry | | | | provide local financing and even the initiate |
| out their missions.Simply attempting to | | | | college courses at the local college to |
| recruit high-tech companies in the latest and | | | | provide additional job base for the region. |
| greatest industry is not necessarily the best | | | | Simply running out and trying to recruit |
| way to go. Just because bio-vaccine-tech is | | | | companies there and vault in the latest and |
| in this week or carbon nano tech is in; in | | | | greatest new technologies to put your region |
| the future, does not mean that these | | | | on the map and for something else for you to |
| technologies may not be leapfrogged by | | | | tout is a dangerous short term tactic, which |
| another technology. Or that another region | | | | can backfire on your economic growth, as well |
| somewhere else in the world or the country | | | | as costs at local taxpayers billions of |
| will end up the mainstay for that particular | | | | dollars in giveaways.I urge every economic |
| industry.Let's take for instance Silicon | | | | development association across America to |
| Valley where all the computer companies had | | | | take a hard look at what is truly feasible |
| set up. If you were an economic development | | | | and what is not feasible and rather than make |
| association trying to get going and focused | | | | your decision on pie in the sky, look at the |
| all your efforts all the computer industry at | | | | supply chain needed for those businesses to |
| that time you may have run into the few | | | | succeed, prosper and inevitably win the |
| problems. For instance you might have missed | | | | market. You must consider this a team effort |
| out completely on the incredible growth if | | | | and you must commit yourselves to be in it to |
| you got in too late or you may have recruited | | | | win it. Please consider this in 2006. |
| a few very good companies, which had no | | | | |