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Economy

A Candid Admission from the Whitewater CDA

Sometimes, however rarely, even in places with the most stubborn boosterism, an official admits – wittingly or unwittingly – the failure of longstanding policy. Dave Carlson, executive director of the Whitewater Community Development Authority, is such an official. In a press release from March 27th, lauding a provision of the Trump tax bill, Carlson quotes…

The Price of Trumpism is Ruin

Craig Gilbert looks at the careers of Priebus, Ryan, and Walker: They led the “Cheesehead Revolution,” the GOP’s audacious conquest of Wisconsin. They offered a model for bridging Republican frictions between establishment and base. They became national figures. They ran into Donald Trump. They suffered. They bent to his rise. Now one (Priebus) has left…

‘Crony Capitalism and Social Engineering: The Case Against Tax-Increment Financing’

Whitewater’s residents may have heard, as I have, ignorant and false boasting about the benefits of tax incremental financing. It’s variously described as increment or incremental financing, but either way, it’s a plan to entice developers with taxpayer funds by segregating from the general fund, if any, the revenue generated from a development to pay…

A Sham News Story on Foxconn

About a month ago, a local business lobbying group in Whitewater invited an operative of the Walker Administration to the city to talk about Foxconn. The nearby Jefferson County Daily Union sent a stringer to cover the presentation. See Foxconn impact outlined in Whitewater. In the 38-paragraph story, the paper simply reproduces – without the…

Foxconn as Alchemy: Magic Multipliers

The Foxconn plant isn’t even built yet, but the Walker Admin and its allies (including a few local apologists for corporate welfare in Whitewater) now resort to fantastic, magical claims about how much economic development will come from nearly four billion in taxpayer subsidies. So magical, so fantastic, that they now claim an 18-1 multiplier…

A National Study on Big-City Economic Development

What’s the relationship, if any, between economic development and inclusion? A study from the Brookings Institution (Metro Monitor 2018) suggests that for large metropolitan areas, there may be one. (I’ll not try to fit these data into a local container. That’s why there’s no ‘The Scene from Whitewater Wisconsin’ logo attached to this post.) Here’s…

10 Key Articles About Foxconn

➤ Foxconned (“How much is Wisconsin paying for a Taiwanese manufacturer’s jobs?”): Already, it is hazy just how much of a boost to the local economy Foxconn is expected to make. The company said it planned to hire 3,000 workers over four years, whereas the state said the new facility would create 13,000 jobs with an average…

Dane, Not the WOW Counties

For many years, Republicans have railed against Madison, and against Dane County, as bastions of dysfunctional liberalism. Indeed, this impulse has been strong even after the GOP gained control of both chambers of the legislature and the governor’s office. Funny, though, that it’s Dane County – not the WOW counties of Waukesha, Ozaukee, or Washington – that’s…

Foxconn Deal Even Worse Than Most State Capitalism

Over at the Milwaukee Journal Sentinel, Jason Stein reports Foxconn package cost Wisconsin eight times as much per job as similar 2017 state jobs deals: To land the massive Foxconn factory, Gov. Scott Walker has committed the state to paying more than eight times as much per job as Wisconsin will provide under similar job creation deals struck…

What a Print Advertiser Means (and Doesn’t Mean)

So, if one lives in Whitewater, he or she may find a shopper-advertiser in the mailbox, with ads from (mostly) out-of-city advertisers. Even if one omits the publisher’s own ads, and public service announcements, the ratio of out-of-city to Whitewater ads is something like 3 to 1. Indeed, the largest ad, on the front page,…

‘Don’t worry about them – the rest of us feel great!

A doctor walks into a town of one-hundred people, and finds that half of them are pale, feverish, and vomiting blood. The physician calls out to a community leader, “Send for help, you have an epidemic on your hands.” The community leader replies, “Oh no, don’t worry about them – the rest of us feel…

Contrast

Consider the contrast between how the Janesville Gazette‘s publisher want his city to be seen, and how an economics reporter describes the Janesville area: Janesville Gazette editorial, A question for Janesville to consider: [James] Fallows and his wife learned the differences between success and failure during a 54,000-mile journey across the United States in a single-engine…