Saturday, July 18, 2015

"Startup fever" in Waterloo, Canada

While it's a neat story about my home town (Globe and Mail), it also highlights one of the dumb things about governments taking a build it, and then they'll come approach to economic development using fictitious numbers to justify infrastructure.

On one hand, community leaders complain about the lack of funding available to local businesses but somehow find a way to justify spending $800 million on a light rail transit line that runs through the city.

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