Comcap The Podcast

CCTP4 Big Game Hunting with Michael Shuman A clear-eyed review of the past practices of going after big companies rather than developing local companies.Michael Shuman takes a deep look at classic economic development strategies. He describes why shopping for big companies, competing against neighboring towns and paying for jobs, is a strategy that often results in a loss rather than a long term gain. This "attract and retain" policy costs time and money small communities can rarely afford.   Interviewer:  Amy Pearl, Hatch Innovation Guests: Michael Shuman In this episode you'll learn: Why "attract and retain" policies rarely result in the anticipated job gains. Hear about Sarasota, Florida and what happened from their bid for a large pharmaceutical company What a literature review of attract and retain strategies found. The perception that outside money is essential to building local economic strength is a myth. Every community is constantly importing outside goods and services for things that the