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I was on the local Economic Development Committee here in town. It was boring and unrewarding. The only cool thing was knowing what businesses were coming to town long before anyone else.
You have to be somewhat well connected locally. If you don't know the mayor, everyone on the city council, the city clerk, the city manager.... Or your local equivalent.... Good luck.
Also, your name will be dragged through the mud. I once came out in support of someone who was running for city office and the next morning there was a thick package of information about that person. People are assholes.
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