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