A new public-private partnership that could take the reins of Iowa’s economic development efforts as early as next month is expected to avoid the snags that have beset similar agencies in other states.
That’s the plan, at least. Similar bodies in other states have met with charges of misuse of funds and excessive executive bonuses.
The Iowa Partnership for Economic Progress will be composed of the Economic Development Authority, a state-funded agency, and the Economic Development Corp., a not-for-profit organization that will be financed by the private sector and possibly federal grants.
To read the full, original article click on this link: New economic development agency aims to avoid pitfalls | Business 380
Author: George C. Ford
