Doug Hoffer is at it again, pissing in the cornflakes of conventional wisdom. His latest report offers a detailed picture of something we already knew: The value of Vermont’s Remote Worker Grant Program is essentially unquantifiable.
The program offers up to $10,000 to people who relocate to Vermont and work remotely for employers elsewhere. It has generated a ton of publicity and very little in the way of actual returns. Scott administration apparatchiks boast of attracting new residents — a grand total of, um, 110 grantees and 290 new residents.
To quote my favorite comics character, Big Nate: “Whoop-de-dang-do.” That’s basically a rounding error in Vermont’s demographics.
There are other problems with the program’s performance, in addition to the paltry numbers. Almost half the grantees have settled in Chittenden County, which doesn’t need the boost. And the Commerce Agency’s own figures shows that most grantees would have moved here anyway. At best, the grant was only one factor in their decisions, and there’s no way to tell how many of those new residents would have decided against Vermont if the program didn’t exist.
Hoffer also points to the deliberately lax standards for awarding grants, established by the legislature on the principle of “keep it simple and get the money out the door.”
See, we must expect rigorous documentation and enforcement in social service programs, but Heaven forbid we should bother well-educated, white-collar recipients of economic development initiatives. Or businesses that draw on incentives for job training or expansion.
Because pretty much all of Commerce’s highly-touted programs are basically emperors with no clothes. Or, as Hoffer put it, “there is little reliable performance data about some of the State’s largest economic development programs.”
He closes the introduction to his new report with the destined-to-be-ignored clarion call: “When considering funding for Vermont’s economic development programs, we strongly encourage decision makers to take an evidence-based approach.”
Yeah, right. When pigs fly.Continue reading