Monday, August 1, 2022

OCPA column: “Project Ocean” lessons can provide clarity


“Project Ocean” lessons can provide clarity
By Jonathan Small

Too often, government officials assess the effectiveness of “economic development” like the guy who brags about winning $100 on a scratch-off ticket after spending $1,000 on the lottery. But this approach ignores the true cost.

Such is the case with corporate welfare as highlighted by the failure of “Project Ocean.” Advanced by officials this year, the project was a nearly $700 million corporate-welfare program. But even lavish subsidies failed to attract Panasonic. We all need to understand why.

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by Jamison Faught - August 01, 2022 at 07:20PM
 

OCPA column: “Project Ocean” lessons can provide clarity

Click the title to read the entire article at Muskogee Politico