Catching up with 21st century | Arkansas Blog

Thursday, July 31, 2008

Catching up with 21st century

Posted By on Thu, Jul 31, 2008 at 11:01 AM

Seven-plus years in, Arkansas has a Task Force for the 21st Century Economy. It issued an interim report today. Lots of words.

Scanning for nuggets, I find suggestions about: 1) Merging or at least "co-locating" some state agencies with related functions -- Economic Developemtn, Development Finance, Science and Technology Authority, etc.;  2) Changing the law to allow public money to be used for venture capital (count me very nervous about that one). I presume investment bankers would find a way to score a fee for managing this money without assuming any risk; 3) Much more money for economic development, naturally. Because we all know so-called free enterprise can't succeed without public subsidies; 4) Better physical infrastructure, from roads to communications networks. The peons, naturally, would pay for this so that the free-enterprise, free-market entrepreneurs who make this country great will have higher profit margins and perhaps trickle down a little underpaid, non-union work on the rest of us; 5) letting cities get into venture capital (be still my heart) 6) broadening taxes that can be tapped for Tax Increment Finance Districts (in other words, try again to change the law so that sporting good store developers can steal school tax money to build shopping centers and maybe let them annex local sales taxes, too); 7) And, oh, by the way, more rigorous and productive education, geared to knowledge-based businesses.

From the ArkTimes store


Comments (16)

Showing 1-16 of 16

Add a comment

Subscribe to this thread:
Showing 1-16 of 16

Add a comment

More by Max Brantley

Readers also liked…

  • LR speakers blast state board for double standard

    A series of speakers, beginning with Sen. Joyce Elliott, denounced what they saw as a hidden agenda favoring charter schools at the state Department of Education and asked the state Board of Education for return of local control.
    • May 12, 2016
  • Baseball fans have a new place to stay

    If you missed out on Razorback baseball home games this year because you couldn’t find a great place to stay, your problem is now solved: Staybridge Suites of Fayetteville is now fully renovated and located directly across from Baum Stadium, with free parking for hotel guests.
    • May 22, 2017
  • Saturday's open line

    Got any thoughts? Put them here.
    • May 21, 2016

Most Viewed

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation