The bottom dropped out of our economic development efforts on Friday as ams AG withdrew from the Marcy Nanocenter project. And according to the Rome Sentinel headline, area officials place blame at the state level for no chip plant.
The finger pointing is sadly funny, because the Marcy project never even got to first base until the "state level" got the site's federal wetlands permit.
So currently the Mohawk Valley is a two time loser on this venture, 2006 and now. Maybe the third time will be the charm . . .
In the mean time, what have we done as an area to make ourselves competitive with other parts of the country that have taken our jobs over the years? How do our taxes compare? How do our water, sewer, electric costs compare? How do our transportation costs compare? How does our regulatory complexity compare?
Hint: The burdens have not been lessened.
Until the fundamental issues affecting business' bottom line are remedied, our "economic development" efforts will always result in limited return.