jimdahl Posted December 3, 2012 Share Posted December 3, 2012 Apparently old threads go into some sort of archive mode now (who knew?) so reviving an old topic... This graphic has an interesting comparison (and database backing it) of how states differ in terms of what economic invenctives they provide: United State of Subsidies (NYTimes.com) Quote Link to comment Share on other sites More sharing options...
watchmaker49 Posted December 3, 2012 Share Posted December 3, 2012 Does this make them makers or takers? Look more like they are the takers Romney and the GOP are talking about. What became of this free market they talk about? Quote Link to comment Share on other sites More sharing options...
mg2009 Posted December 4, 2012 Share Posted December 4, 2012 Does this make them makers or takers? Look more like they are the takers Romney and the GOP are talking about. What became of this free market they talk about? it was never anything more than a buzzword. Quote Link to comment Share on other sites More sharing options...
jimdahl Posted December 4, 2012 Author Share Posted December 4, 2012 Does this make them makers or takers? Look more like they are the takers Romney and the GOP are talking about. What became of this free market they talk about? Can you leave the party politics out of this (as per forum rules) please? As to free markets... what could be more free than a company which provides economic value to its home region asking regions to bid to become home to its latest factory? Though I don't think "free markets" is quite the right attack, your aversion isn't surprising. The thing I thought was interesting about this chart is that in previous discussions on this forum we have speculated that N.D. is particularly averse to providing such incentives. The chart seems to bear that out. Quote Link to comment Share on other sites More sharing options...
watchmaker49 Posted December 4, 2012 Share Posted December 4, 2012 Can you leave the party politics out of this (as per forum rules) please? As to free markets... what could be more free than a company which provides economic value to its home region asking regions to bid to become home to its latest factory? Though I don't think "free markets" is quite the right attack, your aversion isn't surprising. The thing I thought was interesting about this chart is that in previous discussions on this forum we have speculated that N.D. is particularly averse to providing such incentives. The chart seems to bear that out. How are people suppose to respond to your link? Anyone who pays attention to more than sports would respond the same way that I did. As for your comment North Dakota is averse to providing incentives re-read your link or contact Greg Hoover and get a copy of how much money GF has gven away and never were paid back. ND plays the same game as everyone else does. Quote Link to comment Share on other sites More sharing options...
UNDBIZ Posted December 4, 2012 Share Posted December 4, 2012 How are people suppose to respond to your link? Anyone who pays attention to more than sports would respond the same way that I did. As for your comment North Dakota is averse to providing incentives re-read your link or contact Greg Hoover and get a copy of how much money GF has gven away and never were paid back. ND plays the same game as everyone else does. It appears this only includes state $$ and not all of the incentives paid by individual cities/counties. The number would be much larger if that were the case. In fact, it doesn't even appear to include all the state $$, as I don't see anything regarding the Centers of Excellence (Centers of Mediocrity). Those are quite the state government boondoggle, with only a couple of them actually becoming self-supporting. Quote Link to comment Share on other sites More sharing options...
jimdahl Posted December 4, 2012 Author Share Posted December 4, 2012 It appears this only includes state $$ and not all of the incentives paid by individual cities/counties. The number would be much larger if that were the case. Good point, there are no local property tax abatements or such in that data. This data only shows that ND as a state seems to spend a lot less on subsidies than other states, but it's certainly possible that far more subsidies occur at the local level in ND for some reason (though I'd be a little surprised). Quote Link to comment Share on other sites More sharing options...
watchmaker49 Posted December 4, 2012 Share Posted December 4, 2012 Good point, there are no local property tax abatements or such in that data. This data only shows that ND as a state seems to spend a lot less on subsidies than other states, but it's certainly possible that far more subsidies occur at the local level in ND for some reason (though I'd be a little surprised). They also have a much smaller population. Now if compare dollars to population ND would be right there also. Though there are numerous industries that need what ND can not provide that keeps ND out of the bidding. How much did GF give United to provide service to Denver and how is that working out? Quote Link to comment Share on other sites More sharing options...
jimdahl Posted December 4, 2012 Author Share Posted December 4, 2012 They also have a much smaller population. Now if compare dollars to population ND would be right there also. They compare both per capita and per dollar of state budget. Quote Link to comment Share on other sites More sharing options...
UNDBIZ Posted December 4, 2012 Share Posted December 4, 2012 How much did GF give United to provide service to Denver and how is that working out? I think they provided revenue guarantees up to $500k. I have no idea whether they've had to make any payments on it or not. Quote Link to comment Share on other sites More sharing options...
watchmaker49 Posted December 4, 2012 Share Posted December 4, 2012 I think they provided revenue guarantees up to $500k. I have no idea whether they've had to make any payments on it or not. From the Herald article it seems that the payments will be starting soon if they have not already. What a waste of tax dollars. Quote Link to comment Share on other sites More sharing options...
UNDBIZ Posted June 18, 2013 Share Posted June 18, 2013 Not sure if this is the right thread for it, but the ND economy is doing quite well (for those of you who are living under a rock and don't already know). http://www.grandforksherald.com/event/article/id/266398/ Revenue streaming into North Dakota’s general fund has surpassed the state’s forecast by $1.6 billion with one month left to go in the two-year budget cycle, state Budget Director Pam Sharp reported Tuesday Sharp presented figures to the Legislature’s interim Budget Section showing that revenue for the current biennium totaled $4.95 billion through May. That’s up 48 percent from the legislative forecast released by the Office of Management and Budget in April 2011. The state began the current two-year budget cycle with a general fund balance of $1.1 billion. Actual revenues collected through May totaled $4.95 billion, and an estimated $172.9 million is expected to be collected in June, which when added to the starting balance will lift total revenues to $6.2 billion. State lawmakers approved nearly $4.4 billion in spending and carryover, which will bring the balance down to about $1.85 billion. After $181 million is transferred to the budget stabilization fund, the general fund will have an estimated surplus of $1.66 billion by June 30, the end of the current biennium. Also, those numbers don't appear to include the $$ stashed away in multiple reserve funds. 1 Quote Link to comment Share on other sites More sharing options...
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