1/ Remember when we showed you how North Texas cities use taxpayer money to compete against each other for jobs and investment? dallasnews.com/business/econo…
2/ Now, @stephanierlamm and @JillCowan take you to the Palo Pinto County town of Mineral Wells, where a cautionary tale played out. dallasnews.com/business/econo…
3/ Experts say what happened is a direct result of the state's approach to economic development, which puts Mineral Wells, located about 50 miles west of Fort Worth, in a tough spot. 
4/ Mineral Wells needed an economic win. While it once thrived with its famed mineral springs and fancy hotel, almost a quarter of its residents now live in poverty. census.gov/quickfacts/fac…
5/ So economic development officials made a big bet, using hundreds of thousands of taxpayer dollars, on two guys who said they wanted to build a brand-new ammo factory. dallasnews.com/business/econo…
6/ But it didn’t go very well. And it turned out the men had already gotten another Texas city to bet on them, too. dallasnews.com/business/econo…
7/ Residents, including a pastor whose personal property got tangled up in the deal, were angry.
8/ Both sides now claim they were wronged ...
9/ but also admit some responsibility for what happened.
10/ Read the full story of Mineral Wells’ misfire and the fallout from it ... dallasnews.com/business/econo… ...
11/ and learn more about how Texas' economic development system pits cities against each other in bidding wars for businesses and jobs. dallasnews.com/business/econo…
