Washington state has not been spared the agonizing process of cutting funding for education, law enforcement and other essential programs. Some cuts like the elimination of state efforts to promote tourism result in even greater cuts when tourists dollars go elsewhere.
Fortunately not all investment funds have been eliminated. Roger Ward, Director of Washington State Department of Commerce and Dan Newhouse, Director of Washington State Department of Agriculture serve on the Economic Development Commission. The Commission was revamped in 2011 and charged with this lofty goal: “Make Washington the most attractive, fertile and creative enviornment for innovation in the world.”
Wow. The goal may be lofty but the expected results are jobs from increased exports. Messers Ward and Newhouse write in a special feature to the Yakima Herald Republic:
“WSDA is using a federal grant to fund a Southeast Asia and Hong Kong trade mission in November that will expand export opportunities for potato, tree fruit and wine producers. Commerce will shortly help several medical device manufacturers do business at the world’s largest medical trade fair in Germany and enable companies to explore opportunities in China through a new business incubator project there.
These are good investments. For every $1 invested in the WSDA International Marketing Program, for example, export sales return $3.38 to taxpayers. The bottom line is international trade is one of our best opportunities to grow our economy and family-wage jobs.”
Read the YHR piece here: http://www.yakima-herald.com/stories/2011/11/19/state-invests-in-more-jo…?
Hmmm…I suppose the same local folks (link below) who suspect traffic circles are a plot to force European style socialism on Yakima, will also spot a devious redistribution of wealth scheme in this government plan to boost the state economy.
Still, it’s hard not to like a better than 3 – 1 return on investment.
If we get a $3.38 return on every dollar invested in Washington state, why shouldn’t the nation invest a trillion dollars in similar efforts? The investments work. The Wall Street Journal has an article on Chrysler Corporation that was saved from failure by federal loans. The company is hiring another 1000 workers. It’s a good thing they and other auto companies were able to get help then so they could thrive now. That was a very good investment, don’t you think?
Read the WSJ piece here: http://online.wsj.com/article/SB1000142405274870467920457564683231385166…
You may want to read how traffic circles may be a socialist plot here: http://lodeplus.com/religion-culture-in-seattle/traffic-circles-soci…