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Post Carbon Fellow Michael Shuman's recent address to members of Lowcountry Local First was reported in the Charleston Post and Courier.
From the article:
Government incentives for jobs and economic development -- from payouts to tax breaks and other public giveways -- are wasted on luring major corporations, instead of on investing in locally owned business, according to a prominent national researcher and author Michael Shuman.
Shuman, author of "The Small-Mart Revolution: How Local Businesses Are Beating Global Competition," spoke with members of Lowcountry Local First on Wednesday in advance of this weekend's eighth annual Business Alliance for Local Living Economies Conference at the College of Charleston.
Shuman criticized efforts by federal, state and local governments -- including the "incentive-addicted state of South Carolina" -- which use tax money to lure Toyota or BMW with the goal of exporting goods "as far and wide as possible" as the ultimate source of generating wealth.
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