Lights Out for Chinese LED Plant in Cleveland

Midwest

Cleveland at dusk, where the lighting is not yet as green as the mayor would like it to be. (Courtesy files.nyu.edu)

Marketplace had a downright enlightening segment the other day about the potential and peril of using sustainability as a tool for economic development. New York and Chicago have been doing this with some success, and now Cleveland’s mayor wants in on the act. But instead of simply promoting sustainability through tax credits, development bonuses, and mandates, Frank Jackson took a clever approach, saying whomever built a LED plant in the depressed Rust Belt city would get the contract to outfit it with all its civic lighting needs. It was a brilliantly shrewd move, until it all fell apart. Listen in to find out what happened.

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