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In economic development, we all have fed the bear

In the early 1980s, a company wanted to bring a manufacturing plant to a small town in the state. A company representative told me years later that he met with the state senator for that area to explain the proposal and talk about economic benefits to the area.
The senator asked how he would benefit, and the company representative talked more about economic impact. The senator asked again how he would benefit, and the company representative went on about creating a bigger economic pie that would give everyone a larger piece. The conversation continued in this vein, and the meeting ended with the senator saying he was not satisfied with the company’s responses.
From then on the senator, who is no longer in office, voted against bills involving that company.
Now that the Tesla circus has moved on, it’s a good time to talk about economic development, large and small.
Tesla was worth the effort. Although most of the state considered it an Albuquerque deal, those 6,500 jobs would have lifted New Mexico’s economy. Despite the outcome, New Mexico got some positive attention, and the exercise improved the learning curve of the governor and her people.

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