To market, to market

One of the funny things about big-bidness free-market types is that they just love to lean on taxpayer support when it suits their needs. And now that the High Point Furniture Market is seeing some serious competition from Las Vegas, big cheeses in the Triad are looking for a little love -- in the form of economic incentives -- to help fund their marketing activities. This from the Winston-Salem Journal this morning. By sucking public money to help promote their annual extravaganza, High Point executives figure they'll help continue the $1.2 billion in economic impact they attribute to the show. To which I say: if the Furniture Market is so damn good for other local businesses, why don't THEY fund the marketing campaign directly? Getting taxpayers involved in paying for this kind of scheme is wrong.

The International Home Furnishings Market Authority said yesterday that it is preparing official requests to Winston-Salem, Greensboro, Burlington, Archdale and other communities to provide a combined $1 million in annual financing for five years. The business-financing plan was initially made public in October and was put together by Strib Boynton, the city manager of High Point, and other High Point business leaders.

::snip::

High Point has already pledged, primarily through its electric and water and sewer funds. The authority has requested that the General Assembly provide financing beginning in July 2007.

Wouldn't you just love to see some of your electric, water and sewer payments diverted to subsidize rich white guys in the furniture business?

Comments

Hmmmmm

I don't have a problem with providing financial incentives to bring industry/business to an area when it really is going to either bring a good number of jobs or visitors and will have a substantial financial impact on the area. I do have a problem here. It sounds to me like they weren't prepared for the competition.

I have no problem with the financial incentives idea...the money has to come from those who benefit...hotels/motels/rental car/restaurants, etc.



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Vote Democratic! The ass you save may be your own.

Financial incentives

are slippery slope kinds of things that Lance cautioned about. I've argued both sides of the issue from time to time, but increasingly have heartburn about the role of government in subsidizing private enterprise.

If High Point really wants to compete with Las Vegas, all they need is to legalize prostitution and gambling.

:)