If I’ve said it once on this blog, I’ve said it a hundred times. It is dangerous to put public money in to the private system. However, if you’re a government that insists on doing it, please use seed funding concepts like Innovation Works or Alphalab. The worst thing you can do is give giant corporation giant breaks.
Well, if you didn’t believe me, Chris Briem has tracked the employment of one of the most subsidized local companies in the region, US Air. His results are above, click through the picture or this link to find his source data and conclusions. That’s a heavily subsidized net loss of over 2000 jobs from 1981 to today. I wonder how many companies could have gone through Alphalab on the money we threw at USAir?