Monday, May 13, 2013
Why States Should Invest More In Supporting Lccal Busniness Development
States compete with each to steal jobs from one state to their state. They provide subsidies to major corporations to relocate jobs but that does not add to the total number of jobs created in the nation as whole. Moreover, states seldom get a good return on their investments in subsidies. The taxpayers lose and large businesses win. This article describes programs in Massachusetts that provide funding to small locally operated businesses. Government subsidies to these businesses are small relative to those which go to major corporations. State and local governments should consider redirected some of their resources to they types of small businesses described in this article.
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