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Economic Development or Poaching Business?

Posted by: Alek Miller

14 October 2009 - 10:00am

States across the US are stepping up their efforts to attract business from outside their borders. New Hampshire woos investors from its neighbors and the California-Nevada rivalry heats up.

"US states have always had the power to vary sales and business taxes, but the stalled economy has injected an aggressive new tone as they compete to persuade businesses to relocate and invest with them."

"Observers say the move represents a definite change of tack as states use aggressive advertising campaigns to attract new business rather than sitting back and waiting for companies in other states to notice their lower taxes, cheaper office space and less stringent regulations."

Full Story: US interstate rivalry hits new lows
Source: BBC News, October 4, 2009
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The increasing size and affluence of North America's multicultural community also defines the biggest growth segment for homebuilders and remodelers.
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