We take a backseat to no one in our love of Louisiana, but our affection didn’t blind us to the long odds the state faced in landing a huge headquarters office for mega online retailer Amazon.
We didn’t expect state officials to reel in this economic development prize, which is much sought after by communities around the country. The hands-down favorites to nab the Amazon site, expected to create 50,000 jobs, are large urban centers not found in Louisiana. It was no big surprise that the state didn’t make the first cut and remain on the list of 20 finalists.
Even so, there’s a truism that participating in a job interview can yield lots of lessons, even if a candidate doesn’t get the position. The same is true, we think, in economic development. Though Amazon was probably never serious about coming to Louisiana, our nominal bid for the project was instructive. Louisiana Economic Development, the state’s lead agency in luring the retailer, offered some $6.5 billion in incentives over two decades to court the online giant.
Louisiana offered Amazon an incentive package worth potentially $6.56 billion over two decades in the state's underdog bid to become home to t…
It was a signature Louisiana move: Overlook our lagging fundamentals, and we’ll write you a big check. Here’s a better approach: Stabilize state finances, improve elementary and secondary education, invest in colleges and universities, spend money on roads and infrastructure.
Build a better Louisiana, in other words, and people will come.