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	<title>Observer &#187; Cuomo Kicks Off Economic Race-to-the-Top</title>
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		<title>Observer &#187; Cuomo Kicks Off Economic Race-to-the-Top</title>
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		<title>Cuomo Kicks Off Economic Race-to-the-Top</title>

		<comments>http://observer.com/2011/11/cuomo-kicks-off-economic-race-to-the-top/#comments</comments>
		<pubDate>Mon, 14 Nov 2011 10:20:18 -0400</pubDate>
					<link>http://observer.com/2011/11/cuomo-kicks-off-economic-race-to-the-top/</link>
			<dc:creator>Matt Chaban</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=197336</guid>
		<description><![CDATA[<p><div id="attachment_197346" class="wp-caption alignleft" style="width: 235px"><a rel="attachment wp-att-197346" href="http://www.observer.com/2011/11/cuomo-kicks-off-economic-race-to-the-top/grand_front/"><img class="size-medium wp-image-197346" title="grand_front" src="http://nyoobserver.files.wordpress.com/2011/11/grand_front-e1321281668153.jpg?w=225&h=300" alt="" width="225" height="300" /></a><p class="wp-caption-text">Never forget the Cuba Cheese Museum.</p></div></p>
<p>If the Cuomo administration has been adhering to austerity in its first year, that is because there is a smaller pie to carve up, as the governor keeps reminding New Yorkers. But he was also taking his time because<a href="http://www.nytimes.com/2011/11/14/nyregion/development-projects-to-compete-for-money-from-new-york-state.html?_r=1&amp;partner=rss&amp;emc=rss&amp;pagewanted=all"> the money is meant to go where it can actually do real work</a>, according to <em>The Times</em>, and that takes time to figure out. The Paper of Record calls the program "<em>American Idol</em> for policy wonks and economic development types." Submissions for the 10 regional councils are due today.</p>
<blockquote><p>The theory behind the process is that rather than doling out pork ad  hoc; the usual default positions behind stadiums, convention centers and  cobblestone downtown streets; and infamous sinkholes like the New York  State Museum of Cheese, state support for economic development should  flow from a realistic, on-the-ground assessment of regional economies,  resources and opportunities.</p>
<p>How much this proves to be an abstract exercise and how much it produces  actual jobs remains to be seen. Still, almost everyone involved in the  process and many outside it give Mr. Cuomo high marks for his framework  for something that could prove more difficult than his earlier successes  with legalizing same-sex marriage and passing a tough state budget.</p>
<p>“There is a sense that postrecession, we need a radically different kind  of growth model that is not investing in the wrong things, and New York  is in the vanguard of this,” said Bruce Katz, an expert on state  economic development strategies at the Brookings Institution.</p></blockquote>
<p>No more bridges to nowhere, then.</p>
<p><strong><a href="mailto:mchaban@observer.com">mchaban [at] observer.com</a></strong> |<strong> <a href="http://twitter.com/MC_YC">@MC_NYC</a></strong></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_197346" class="wp-caption alignleft" style="width: 235px"><a rel="attachment wp-att-197346" href="http://www.observer.com/2011/11/cuomo-kicks-off-economic-race-to-the-top/grand_front/"><img class="size-medium wp-image-197346" title="grand_front" src="http://nyoobserver.files.wordpress.com/2011/11/grand_front-e1321281668153.jpg?w=225&h=300" alt="" width="225" height="300" /></a><p class="wp-caption-text">Never forget the Cuba Cheese Museum.</p></div></p>
<p>If the Cuomo administration has been adhering to austerity in its first year, that is because there is a smaller pie to carve up, as the governor keeps reminding New Yorkers. But he was also taking his time because<a href="http://www.nytimes.com/2011/11/14/nyregion/development-projects-to-compete-for-money-from-new-york-state.html?_r=1&amp;partner=rss&amp;emc=rss&amp;pagewanted=all"> the money is meant to go where it can actually do real work</a>, according to <em>The Times</em>, and that takes time to figure out. The Paper of Record calls the program "<em>American Idol</em> for policy wonks and economic development types." Submissions for the 10 regional councils are due today.</p>
<blockquote><p>The theory behind the process is that rather than doling out pork ad  hoc; the usual default positions behind stadiums, convention centers and  cobblestone downtown streets; and infamous sinkholes like the New York  State Museum of Cheese, state support for economic development should  flow from a realistic, on-the-ground assessment of regional economies,  resources and opportunities.</p>
<p>How much this proves to be an abstract exercise and how much it produces  actual jobs remains to be seen. Still, almost everyone involved in the  process and many outside it give Mr. Cuomo high marks for his framework  for something that could prove more difficult than his earlier successes  with legalizing same-sex marriage and passing a tough state budget.</p>
<p>“There is a sense that postrecession, we need a radically different kind  of growth model that is not investing in the wrong things, and New York  is in the vanguard of this,” said Bruce Katz, an expert on state  economic development strategies at the Brookings Institution.</p></blockquote>
<p>No more bridges to nowhere, then.</p>
<p><strong><a href="mailto:mchaban@observer.com">mchaban [at] observer.com</a></strong> |<strong> <a href="http://twitter.com/MC_YC">@MC_NYC</a></strong></p>
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