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Economic Development Gone Bad

Posted by: Chris Steins
Thanks to: Chris Steins
22 January 2004 - 9:00am

New York's Nassau County economic development agencies operated as though they were exempt from financial rules, according to a county audit.

"Nassau County's economic development agencies operated as though they were exempt from routine financial rules, paying employees and consultants for time they did not work and spending tens of thousands of dollars on office furniture without bids..." The audit cited examples of "mismanagement, negligence and lack of normal governmental and financial controls."

Full Story: Audit Details Economic Agency's Financial Abuses
Source: Newsday, January 19, 2004
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One of the keys to regional and local prosperity is the ability to attract and retain high-skilled people. ... Many people can, and do, choose where they want to live based on factors beyond their ability to make a living.
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