Just in Time for Halloween, Privatized Economic Development Leads to Phantom Jobs
When John Kasich was elected governor of Ohio in 2010, one of the centerpieces of his economic plans was to privatize the state’s economic development agency.
The reasoning went something like this: the public sector is too bureaucratized to be as responsive to changing economic conditions as the private sector demands, and so a privatized economic development agency would bring more jobs to Ohio by being much more immediately responsive to opportunities for the expansion of existing operations and the creation of new enterprises.
Good Jobs First has released another annual report on the activities of privatized development agencies in about a dozen states, including Ohio. Titled Creating Scandals instead of Jobs: The Failures of Privatized State Economic Development Agencies, the full report is available online at: http://www.goodjobsfirst.org/sites/default/files/docs/pdf/scandalsnotjobs.pdf
It summarizes the problems with JobsOhio very succinctly: “JobsOhio assembled a board of directors whose members included some of (Kasich’s) major…
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