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Beware high-tech welfare.(Economics And Regulation)
Scott Wallsten, "Why Successful Technology Hubs Are the Exception, Not the Rule," AEI On the Issues, April 2004 (aei.org)
Many localities seeking to develop their economies look with envy to California's Silicon Valley, Boston's technology corridor, and San Diego's cluster of biotech firms. These technology hubs provide thousands of well-paying jobs, produce little or no pollution, and create an economic aura heavy industry and credit card processing simply can't compete with.
According to AEI fellow Scott Wallsten, however, the hubs have "just one small problem." They "rarely work?' Nobody, he explains, knows how to start one from scratch. Many governments try to prime the pump with tax credits, infrastructure improvements, and even direct payments to organizations looking to set up shop. Such plans often fail: Areas such as Prince George's County, Maryland and San Antonio, Texas have sunk millions into elaborate research parks (intended to create high-tech "hubs") that have generated few jobs.
Using data from the Census Bureau, ...
- Scott Wallsten / Suenos digitales.(Negocios)
- Newspaper article from: Reforma (México D.F., México) April 21, 2004 700+ words
Byline: Scott Wallsten Colaborador Invitado. Hace unos aos, una empresaria de internet fue arrestada en Ghana, se encarcel a sus empleados y se confisc...
- Chattanooga Competitive With Nation's Technology Hubs; Public-Private...
- Press release article from: PR Newswire July 18, 2002 700+ words
...e-mail, and security. MetroNet positions Chattanooga as the only city of its size in America competitive with major technology hubs like Austin, Silicon Valley, Boston, and Atlanta. MetroNet is a non-profit organization offering 10 Mbps connectivity...
- IBM to Support Shell IT Efforts.(Royal Dutch/Shell information technology...
- Newspaper article from: The Oil Daily July 9, 2001 700+ words
IBM to Support Shell IT Efforts Royal Dutch/Shell and IBM said Friday that they have signed a five-year strategic alliance agreement which will support Shell's creation of three worldwide hubs to standardize and consolidate its information technology (IT) applications infrastructure. The value of
- No more baseball giveaways; Owners trying to steal D.C. revenue bases.(OPED)
- Newspaper article from: The Washington Times August 11, 2006 700+ words
Byline: Scott Wallsten, SPECIAL TO THE WASHINGTON TIMES In the latest installment of...representatives will stand firm and put the city's best interests first. Scott Wallsten is a resident scholar at the American Enterprise Institute and...
- A suite deal; Plans for D.C. ballpark a ripoff.(OPED)
- Newspaper article from: The Washington Times October 28, 2004 700+ words
Byline: Scott Wallsten, SPECIAL TO THE WASHINGTON TIMES Mayor Tony Williams promised...hope the District listens, or at least reads its own agreement. Scott Wallsten is a resident scholar at the American Enterprise Institute and...
- Entrepreneurship Working Group.(Bureau News)
- Magazine article from: NBER Reporter June 22, 2006 700+ words
...Affirmative Action Programs on Self-Employment in the Construction Industry" (NBER Working Paper No. 11793) Discussant: Scott Wallsten, AEI-Brookings Joint Center for Regulatory Studies Entrepreneurial Finance Antoinette Schoar, MIT and NBER, "Judge...
- People.(Cablevision Systems Corp., Comcast Corp., Concurrent Computer Corp.)
- Magazine article from: Multichannel News November 6, 2006 700+ words
...employee relations and development, Viacom; and Sheila Salido-Jordan , editor and publisher, Shop Talk. PFF Economist Scott Wallsten has joined communications policy group The Progress & Freedom Foundation as senior fellow and director of communications...
- Ballpark parking bullying.(EDITORIALS)
- Newspaper article from: The Washington Times August 11, 2006 700+ words
...establishment is called, and we see it again with the Lerners' attitude over parking at the new Anacostia stadium. Economist Scott Wallsten's analysis of the parking gambit by the Nationals' owners, on the opposite page, rings true. The Nationals' new owners...