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Dallas County and Selma grow again

Tuesday, the Selma and Dallas County Economic Development Authority will make an announcement about a new industry that will locate here.

Wayne Vardaman, the EDA’s executive director, promises us, “another big day for Dallas County.”

While Vardaman holds details about the company and the number of jobs, any time in this economy an industry brings jobs into the area it’s good news. Vardaman has said this will be a phased project with a significant capital investment.

And, the EDA has invited many public officials to share in the announcement, but the general public is invited as well.

And everyone who has the opportunity should gather at 2 p.m. Tuesday at the St. James Hotel. We are all part of the economic development of this community, this county.

There’s a simple formula to success in Dallas County, Selma and the Black Belt. It’s expressed best by Jack Schultz in his book, “Boom Town USA: 7 ½ Keys to Big Success in Small Towns.

In this book, Schultz leans heavily on Nobel Prize winner John Nash’s economic theory that multiple players who are rivals share common interests. The trick is, says Schultz, to make the pie larger because when the pie grows, everybody has a chance for a bigger piece.

When people come together and rivals work for the common good, the results —especially in a smaller city, such as Selma — mean greater benefits for all residents.

We all share in the success of Selma and Dallas County. We all should attend this meeting and welcome this new industry to our area.