Transparency and Infrastructure Foresight as Competitive Advantages

There is a moment in almost every economic development project that nobody wants to talk about: the moment when the celebration fades and reality sets in. The announcement has been made, the community is excited, and then something surfaces — a $250,000 tap fee, a privilege tax buried in a local ordinance, a road that cannot handle industrial truck traffic. By that point, the damage is done. Trust erodes. Companies question their decision. Relationships built over months of work begin to sour.

The antidote is straightforward: disclose. Early, fully, and with the intent to help solve problems rather than conceal them. As Kofi Annan observed, knowledge is power and information is liberating. The communities that consistently win projects — and keep companies satisfied long after the ribbon-cutting — have made transparency a discipline, not an afterthought.

Click here to read the original article from Area Development.