If Wichita and Kansas want to be more like Texas, they need economic development funds to help recruit, retain and grow businesses. Contrary to the myth, businesses aren’t relocating to Texas just because it lacks a state income tax. In addition to Texas’ huge state economic development fund, about 700 cities in Texas have their own funds paid for with a local sales tax – similar to what Wichita is proposing. Oklahoma City’s incentive fund, which is bond-financed, helped it lure 900 Boeing jobs from Wichita. “It doesn’t matter if you like incentives or not,” Roy Williams, president the Greater Oklahoma City Chamber of Commerce, told The Eagle. “If you want jobs and to compete, you’ve got to do it. That’s life.” – Phillip Brownlee
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