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Economic Development Arguments
October 2016
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(above) nearly $200 million investment, hundreds of skilled construction jobs , over 100 permanent high paying  jobs, recently completed in the USA.  
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Welcome to the latest issue of Economic Development Arguments by Paperitalo Publications. In this edition, we discuss spec buildings and attracting industry.

Sincerely,
Jim Thompson
[email protected]
If you build it, will they come?
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For nearly ten years, I have been driving by the Ceres Research and Industrial Interplex on I-20 about 12 miles east of Vicksburg, Mississippi.

And for about that long, I don't remember for sure, there has been a spec building sitting there for sale.  I don't have any idea how many economic development directors may have come and gone in that time period, but I suspect that empty building has outlasted at least one, if not more.
 
About thirty years ago, an economic development director in Georgia tried to interest me in a spec building their community had built.  I could make it work except for one thing--they wanted a five-year lease.  The major corporation I worked for at the time was not about to commit to five years on what was for them a new, untested venture.  I found a building in the next town that I could get with a one-year lease.
 
That economic development director tried to explain spec buildings with the "birdhouse concept"--in other words, if you want to attract birds you have to build them a house.
 
I suspect that works better for birds than it does for industries. I further suspect that more than one economic development director has been forced to move on after erecting a spec building.
 
This leaves you with a predicament.  How to attract industry?  I think friendly working conditions, and by that I mean regulations, taxes, and so forth, are your best bet.  Be ready to build an edifice, but wait until you have a fish on the hook, to mix metaphors.
 
Meanwhile, I'll keep monitoring that building at Ceres.

*****

And if we can help with your sticky problems, just email me at [email protected].
Talo Analytic and Paperitalo Publications are uniquely able to help you

Jim Thompson, CEO of Talo Analytic International, Inc. has served as Independent Engineer for financial institutions on approximately $6.5 billion in pulp and paper projects in the United States in the last twenty years.  No one individual has done more of these projects (about twenty unique projects).

Paperitalo Publications, has the highest ranked publications in the pulp and paper industry worldwide, PaperMoney and Nip Impressions.  Additionally, Paperitalo Publications operates the only regular podcasts to the industry, Pulp & Paper Radio InternationalIf you want to market to this industry, there is no better value or more effective venue available.
  
Don't hesitate to contact us any time.

We have the expertise, over twenty years of it.  We know the markets, we know the players.  Feel free to contact us any time.
 
Talo Analytic International, Inc.
4018 Keeneland Court
Duluth, Georgia 30096
678-206-6010
 
 

 
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