End of the U.S Economic Development Adminstration?
U.S. Rep. Mike Pompeo of Kansas wants to eliminate the Economic Development Administration.
The Wichita congressman says the EDA uses taxpayer money from across the country to fund local projects, but the government shouldn’t be in the business of “picking winners and losers” by selectively doling out aid.
Overall, the agency — an arm of the Commerce Department — distributed $285 million nationwide last year. The agency was among the social and economic initiatives developed under former President Lyndon Johnson’s “Great Society” program in the 1960s.
Place marketing means designing a place to satisfy the needs of its target markets. It succeeds when citizens and businesses are pleased with their community, and the expectations of visitors and investors are met.
The potential target markets of place marketing are defined as place customers, which are producers of goods and services, corporate headquarters and regional offices, outside investment and export markets, tourism and hospitality, and new residents.