Wednesday, October 3, 2007

Gotta spend money to make it?

As the governor tours the state bemoaning a looming budget crisis, the Maryland Department of Business and Economic Development took a field trip to New York Tuesday.

The purpose of the trip was to sell Maryland as a place to do business. The tab for this jaunt to the Big Apple: $11,000.

The old adage is that you have to spend money to make money, but is spending $11,000 to wine and dine Big Apple bigwigs worth it when schools are getting funding cuts? Or should we look at it as an investment that will bring business to the state and grow our coffers with corporate taxes?

Can you do both? How do you balance the two?

Let us know what you think…

—LOUIS LLOVIO, Business Writer

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