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News flash: The
top two reasons why businesses
choose to locate in a
region is quality of life
and the education level
of the workforce. Its
not tax incentives, tax
give-ways, and so-called
Tax Increment Financing
(TIFs). It what we have
in spades in South Portland:
a great quality of life,
and a nimble workforce
committed to its roots
here. In other words,
when it comes to courting
new business, were
already in the drivers
seat if we cultivate
new markets that are compatible
with our way of life,
and choose those businesses
that can demonstrate that
theyll be here for
the long haul. If we want
to keep living in a friendly
city with top-notch services,
then we need to embrace
and control
our economic growth.
New industries
can offer economic stability
and opportunity. In fact,
some biotech firms require
fewer town services than
several, combined households.
In order to find and lure
these industries, however,
we need to start recognizing
what we have in South
Portland and start treating
ourselves as the commodity
we are. What do folks
on the outside, looking
in, see in South Portland?
They see a remarkable
community, complete with
a state-of-the-art community
center, brand new schools,
stunning displays of civic
pride and natural beauty.
In short, they see a patch
of paradise where you
can still do business
while raising a happy
family. And there is far
more demand for South
Portland than supply.
Just look at the soaring
price of our real estate.
Who fares well in an economy
the size of ours? Small,
nimble technology firms,
for one. Theyre
already prospering here
without the aid of tax
incentives. They wont
keep coming, however,
unless we actively court
them. We should be combing
through business journals,
looking for cutting-edge,
prosperous firms that
are ready to relocate.
We need to look for the
nimble start-ups. We need
to find them before the
competition does, show
them what weve got,
and let them know were
in it for the long term
and expect nothing
less from them. I believe
City Councilors should
be able to pick up the
phone and start that courtship
right away. The only way
to control change in South
Portland is to champion
our growth. And the only
way to do that is to set
economic goals, and sit
down and define our vision
of a prosperous, healthy,
community-oriented South
Portland.
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