Categorized | industry, regulation, Tennessee

Doesn’t make sense to restrict credit

A store manager writes a compelling letter to a Tennessee newspaper:

In addition to serving as a resource for temporary credit, the industry contributes to the local economy – providing jobs that include health benefits and competitive wages, hiring local vendors, renting storefronts and using other local services.

For the sake of its citizens and sustained economic development, you would think it would be more beneficial for a city to keep their successful businesses open, rather than trying to zone them out of existence. A zoning ordinance will send the wrong signal to the business community – generating fear of being shut down by further regulations.

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THE DEMAND FOR SHORT-TERM CREDIT