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New Thumbtack Survey Shows Kansas Business Owners Feeling Increasingly Positive about State Business Climate. http://bit.ly/1IPMQ0L


New Survey Shows Kansas Business Owners Feeling Increasingly Positive about State Business Climate
www.kansaspolicy.org
Thumbtack.com has begun tapping its nationwide network of independent service providers and contractors to build a monthly survey—released for the first time Tuesday—tracking economic outlook sentiments and unique market challenges small business own
Sat, 23 May 2015 02:00:01 +0000
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You're telling me the "Better Service, Better Price" thing has actually been implemented - AND WORKED - in a state! https://www.youtube.com/watch?t=1812&v=RGg6w5jA_Tg


Mitch Daniels on How to Cut Government & Improve Services

Former Indiana Gov. Mitch Daniels served in office from 2005 to 2013 and in eight short years accomplished more than most politicians manage in a lifetime. H...
Fri, 22 May 2015 18:04:35 +0000
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Kansas Center for Economic Growth misleads on job growth...again! http://bit.ly/1HzFfDn


KCEG misleads on job growth – again
www.kansaspolicy.org
The latest misleading claim on job growth from the Kansas Center for Economic Growth is loaded with misleading and irrelevant information; they don’t fully disclose their methodology and at this writing they have ignored our request to explain it.&am
Fri, 22 May 2015 18:00:01 +0000
Last Refreshed 5/24/2015 10:07:50 PM
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Wichita Hotel Glut Mirrors Past Mistakes
Posted by Todd Davidson on Thursday, June 14, 2012

Wichita’s hotel developments are beginning to follow the same path that many government induced supply surges took before them.  From the Wichita Eagle today:

Wichita hoteliers are struggling to recover after hitting bottom in 2010 because the market keeps adding hotel rooms…

Hotels downtown are seeing a lot of new or upgraded rooms in the last three years with the assistance of local and state tax incentives.

These include the $11.5 million Fairfield Inn & Suites Wichita Downtown, which opened last year; and the $29 million renovation of the Drury Plaza Hotel Broadview, also completed last year. 

If that’s not enough taxpayer funded rooms for your upcoming family reunion, you are in for a treat when the new 117 room, taxpayer supported Ambassador Hotel opens in December.  All of this on-top of the 303 room, city-owned Hyatt Regency.  With occupancy rates hovering around 50% it’s only a matter of time before hotels begin closing up shop.

This is an all too common story of government incentives.

Homeownership enjoys an indulgence of government incentives at the Federal, state, and local levels.  These incentives helped boost housing supply to bubble proportions.  When the glut of housing was realized the bubble popped and we are still reeling from The Great Recession.

The student loan crisis is following this very same path.  Government induced the supply of college education with tax credits and cheap loans; the excess supply caused the value of degrees to drop; the bubble is bursting, (but the debt stays) and many of those with debt can’t find work to earn wages and pay down their loans because the economy continues to tumble.

Kansas STAR bonds program forced taxpayers to subsidize a massive outdoor shopping mall, which merely steals economic activity from other non-subsidized retailers, leading the less fortunate to closure.

Those calling for big empty office and manufacturing buildings should pay attention.  The economic fundamentals are simple, incentives lead to supply increases not matched by consumer demand.  The oversaturated market then leads to the shuttering of homes, shops, and hotels while taxpayers are left holding the bag.

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