Category: Soft debt

What do your grant documents say? Part 2, you get what you negotiate

24 May, 2011 (10:27) | Cities, Contracts, Enforcement, Incentives, Innovations, Regulation, Soft debt, States, US News |

[Continued from yesterday’s Part 1.]   By: David A. Smith    Yesterday we saw, via a Wall Street Journal article, that state or local entities that offer relocation incentives to businesses can hold the businesses to their promises, via enforceable agreements (mislabeled grants but really forgivable soft loans with a pre-negotiated forgiveness schedule, FSLwPNFS’s).  But […]

What do your grant documents say? Part 1, you collect what you enforce

23 May, 2011 (10:04) | Cities, Contracts, Enforcement, Incentives, Innovations, Regulation, Soft debt, States, US News |

By: David A. Smith    You must not think it cant A grant is not a grant It can be just a loan The fundamental rules apply As grants get clawed   When I teach someone new the basics of bridge, I start always with the play, not the bidding, because although the bidding happens […]