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I think we both acknowledge this is a matter of degree in everything. Argument does indeed have silly elements. But I think there is plenty of HC spending that is more effective at economic stimulus than a lot of infrastructure spending.
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I think longer term you are correct. Over 20 year stretch, HC has better multiplier. I am more focused on 1-10 year stretch, to build up the communities. I think infra does this, acts as a catalyst, and then industries like HC roll in and take up the baton.
I do think we're making complimentary things into competitors here.
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You do acknowledge that much of what is driving Northern NJ is the pharma industry, though? Huge part of those corporate campuses. You seem to think setting up corporate campuses is a supply side exercise - build them and they'll come. I grew up in upstate NY, where there are a lot of empty facilities that used to be housed by IBM, Xerox, etc.
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Oh, absolutely I acknowledge that. I'm not thinking build it and they'll come. I'm thinking consolidate facilities corporations are developing. This creates a dense workforce in a small area which helps to build a self-sustaining community. I'm thinking about something exactly like pharma's push through NJ.
I wasn't counting pharma as HC, but if you are, I see your argument that HC is the driver for this development in NJ. But I think it can be done any one of a mix of industries. To start the whole thing off, however, you need to have the infra project that makes access and development around that accessed area easier.
