Thursday, November 19, 2009

Economic development for consultants?

The Post-Star did a story on the Glens Falls' mayor's desire to hire a full-time economic development director at an $80,000 a year salary. It was noted that the proposed economic development budget for next year was $308,000... almost 2 percent of the entire city budget.

So apparently, the city "needs" to hire an economic development director IN ADDITION to its business/tourism director and its part-time economic development consultant.

This all is IN ADDITION to the city's Industrial Development Agency (which itself is in addition to the bi-county IDA) as well as city's Local Development Corporation.

I wish someone (maybe a media outlet) would do an analysis on what kind of return on investment these positions/bodies have generated in recent years and if the city of 13,000 needs six different entities doing economic development.


Update: Commenter Matthew adds: "The thing that was making me scratch my head was that this new guy is being paid more than the highest paid elected official by over $20K." (aka: over 30 percent more)

3 comments:

TourPro said...

Aren't you forgetting about the multiplier-effect?

Hahahaha!

Brian said...

As in, you create one bureaucracy and it multiplies into five?

Hehe...

semi234 said...

The thing that was making me scratch my head was that this new guy is being paid more than the highest paid elected official by over $20K.