Gov. Steve Beshear’s Chief of Staff is all atwitter with the news that Site Selection Magazine has named Kentucky’s corporate welfare scheming as the fifth most prolific in the nation for 2008.
“Kentucky has been very aggressive in its economic development strategy under the leadership of Gov. Beshear, and this ranking demonstrates our work is seeing results,” said Chief of Staff Larry Hayes, who doubles as Kentucky’s Economic Development Cabinet Interim Secretary.
The press release sent out by the Cabinet for Economic Development accurately describes the “award” in its second paragraph as a measure of “state economic development agencies’ competitiveness.” That’s a lot different than the headline that proclaims Kentucky’s “economic competitiveness” as the fifth best in the nation.
In other words, this “award” suggests Kentucky has to dole out more tax incentives to companies to get them to invest here than nearly every other state does. We had to debunk a similarly misleading ranking only two months ago.
Sure would like to think Kentucky’s reporters will catch (and disseminate) the distinction. Continued cheerleading on this point would be highly inappropriate.