Becoming a Destination: The Economic Facts of Life
Last updated 8/19/2020 at 1:51pm
This is the eleventh installment in the Lake Wales Renaissance series. Lake Wales City Commissioner Robin Gibson serves as Deputy Mayor and Chairman of the city's Community Redevelopment Agency.
Nations strive for a positive trade balance, where they sell more products than they buy, thereby receiving increased capital and creating a higher standard of living for their citizens.
The same holds true for any economic unit. Let's take Lake Wales downtown for example. It's a simple economic fact of life that if downtown brings more money in than it pays out, it will generate capital for downt...