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Going for the "Big Score" or hedging your bets: Two economic development strategies

Madison, Wis. - A few days before a committee of the Wisconsin Legislature held a hearing on an audit of the state's 152 economic development programs, Florida Gov. Jeb Bush announced his state would spend $300 million to convince a major biomedical institute to open a center in Orl......

Full article >>> Bush and other Florida officials are betting it will spark a fast-growing tech park with thousands of jobs.

This wasn't the first time Florida bought a ready-made biotech incubator. In 2003, Bush persuaded the Scripps Research Institute, also based in San Diego, to open a research center in Palm Beach County. That required about $500 milli......

Full article >>> biofuels - if it wanted. The state is committed to a high-cost, somewhat high-risk strategy.

Spreading the risk over a range of projects and programs allows more geographic diversity in economic development, but it can mean that good programs are starved to pay for the care and feeding of weaker programs. Wisconsin is notorious for starting new programs in related fields rather than bac......

Full article >>> Tom Still: It's not exactly OPEC, but Midwest states are trading ideas on biofuels

Tom Still is president of the Wisconsin Technology Council. He is the former associate editor of the Wisconsin State Journal in Madison.

The opinions expressed herein or statements made in the above column are solely those of the author, & do not necessarily......

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'"/> By Tom Still 09/07/06

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