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March 10, 2004
I'll take Ohio
Steve Clemons praises the taxpayer support of high-tech research in New York state.
New York has already invested $620 million of a planned $1 billion to create an imaginative network of research and development incubators - dubbed "the Empire State High-Tech Corridor."
...Contrast the energetic New York program with the disappointment among business and labor advocates in Ohio when voters last November narrowly defeated a $500 million state bond issue to fund pro-growth R&D in the state.
Good for Ohio. The only thing stupider than Federal bureaucrats trying to run an industrial policy is state and local bureaucrats trying to do it. Maryland has wasted a ton of money on incubators, "corridors," and other fads.
If government takes over, what used to be the most dynamic sectors of our economy will wind up looking like our least effective industry.
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