Skip to main content

Kestrel Discussion at Portland Press Herald Removed from Internet


Getting Back to the Kestrel Line of this story.

There was a story with an active comment discussion on the Portland Press Herald today at the link below but you will not find it there now, although last I checked on Google it is listed and dated 13 hours ago.

 http://www.pressherald.com/news/Wisconsin-says-Brunswick-aircraftc-company-to-expand-there.html

 Currently the latest Kestrel story at The Portland Press Herald is dated January 14th.

I commented on the disappeared page and was not the only one questioning our government's activities in venture capitalism. The first comments opined that there is something about this story that really stinks- to which I responded that what stinks is the charter of the MRRA. I mentioned the government regulation I had come across that stated that local government disqualifies a project for federal funds and the disappearance of that link from my blog post and the internet. Now the whole conversation in which I made this statement has also disappeared from the internet.


Another poster told his story of trying to get space last summer at the MRRA to store some goods but he was refused even though there were many empty warehouses.He commented that he wasn't in the right sector to be allowed in. This can only happen when the tax payer is almost entirely funding the whole corporation, allowing the managers to pick and choose who gets in even as spaces sit empty. If the business development had to pay its own way, it could not be so choosy and whatever evolves there would be quite different than the government designed city state that the government owned MRRA has planned.

However  I recently read that Goodwill Industries will be located in the MRRA complex- not exactly "targeted sector' material!- And in recent months I also heard that the state finally agreed to sell the land that privately owned houses at the MRRA sit on to that same private owner. Something seems to have changed,

The Portland Press Herald Story reported that Kestrel had lost the New Markets Tax Credit that had been approved by CEI earlier this year but did not report that the MRRA had also tried to get funds through a federal program that sells green cards and permament residencies to immigrants who will  invest half a million dollars in businesses in the United States that create at least 10 jobs

This attempt to get federal funding appears to have fallen through as well.

Meanwhile the tax payers have to keep on funding the salaries and pension plans for those employed at the MRRA and charged with developing new business.

And I keep looking for that federal regulation that I once had posted on my blog. I start to wonder if I read it rightly but since it is no longer there I cannot confirm that one way or the other  and so the mystery lingers on.

Comments

Popular posts from this blog

An Incomplete Theory of Inflation Made to Order for Mass Consumption.

M oney is not what it used to be, so must our ways of thinking about it adapt. jaakko-kemppainen-unsplash The message treads across the media terrain, beating louder and louder as if to drown out the beat of the distant drummer. W arning! The only thing the stimulus will stimulate is inflation. The people will pay as the wealthy elite invests their windfalls in financial assets. Doom and gloom set to march across the land to the beat of the distribution of stimulus funds. In recent years as past predictions of fiscal disaster following stimulus spending failed to materialize and so the thinking about national debt and deficits has evolved, most noticeably with the development of  Modern Monetary Theory . In the   fall of 2020,  National Affairs  published a story,  Does the Debt Matter ? by Peter Wehner & Ian Tufts. Peter Wehner is vice president and senior fellow at the Ethics and Public Policy Center and served in the last three Republican administrations. Ian Tufts is a recent g

Why are social impact investors trying so hard to defeat smaller shelters for the homeless?

  "Social Impact” developers in Portland, Maine seek to squelch a referendum for smaller shelters called for by qualified practitioners with concrete experience in the field. A large sign says Vote C to support the Homeless, small handmade sign next to it says Untrue! That sign is paid for by developers who want / Photo by Jess Falero In   the 1970s under Governor Longley , Maine became a centrally managed economy that expanded Maine’s wealth gap and merged, almost seamlessly, the public and private and the non-profit and for-profit economic sectors into one mutually beneficial wealth-concentration & distribution system. Currently, mutually benefitting factions are coming together once again in hopes of building a mega-shelter for the homeless in a Portland, Maine industrial development district. In addition to beds for the homeless, the project will include, dining, and locker facilities, as well as offices and an attached health clinic. The promotion  describes the facility

JECD Group Holds Master Plan Pow Wow for Boothbay Peninsula

The most honest statement to come out of the ringleaders of the Joint Economic Community Development Group in their first workshop program was "none of us are experts on economic development", which in my most humble opinion is evident in the fact that the JECD begins with the premise that economic development can be master minded by central management. The article in the Boothbay Register begins with this paragraph: The Joint Economic Development Committee master plan workshop on Thursday, Oct. 12 discuss findings from stakeholder interviews conducted early last month. The interviews centered around building an overall economic development strategy for Edgecomb, Boothbay, Boothbay Harbor and Southport. Who are the stakeholders?  A search for articles in the Boothbay Register comes up short. Why is the public not told who the stakeholders are. Since the taxpayers of Boothbay and Boothbay Harbor footed the bill for the JECD's consultants, why are they not the stakeh