It’s been a difficult time on the development front in recent weeks for a variety of reasons — some beyond local control and others more homegrown.
Kansas City lost its bid to land a Bombardier Aerospace aircraft plant that would have employed 2,100 people. From the beginning, economic development officials knew the odds were long a Canadian company would build its plant anywhere but Montreal, but they believed we had a real shot.
The state of Missouri approved a $240 million tax credit package; Kansas City offered incentives, too, and most of all, the weakness of the U.S. dollar made it attractive for Bombardier to locate south of the border. Nonetheless, after several months of almost daily talks and several visits, Bombardier stayed home.
The boo-birds were out immediately. Kansas City was a pawn, they said, used only to leverage more incentives from Canada. Development officials countered Missouri showed the world it could compete for big industrial deals and is now ready to play that high-stakes game. More here.
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