Romancing the Smokestack: How Cities and States Pursue Prosperity

How did Federal Express decide to locate at the Memphis Airport? Why is China also losing manufacturing jobs? Do artists really help turn around a struggling neighborhood? What should you do with a declining auto mall - save it or let it die and start over again? What's better - subsidizing an business or subsidizing the infrastructure such a business requires? These are the kinds of questions that cities and states deal with all the time in their economic development. Bill Fulton's new book, ROMANCING THE HOW CITIES AND STATES PURSUE PROSPERITY, is a collection of economic development columns from GOVERNING magazine that covers deals with these questions - and reveals the good, the bad, and the ugly about how economic development is practiced in the United States. Bill Fulton is a veteran author (GUIDE TO CALIFORNIA PLANNING, THE RELUCTANT METROPOLIS), urban planning and economic development consultant (with the firm Design, Community & Environment), and currently also mayor of Ventura, California, one of the most innovative communities in America. This book discusses economic development efforts that are sometimes shrewd and sometimes stupid - but shows that cities and states are tireless in their efforts to find the next economic engine. You can read an excerpt from the introduction