There is a purpose for development agencies, but yes, it is not this. Development agencies are effective when they direct money towards projects that have a def

There is a purpose for development agencies, but yes, it is not this. Development agencies are effective when they direct money towards projects that have a definite positive impact on a broad variety of businesses within a specific geographic area, but are not seen as attractive to private investors (often because they tend to recoup costs slowly over the long term). Mostly this is real physical infrastructure (roads, ports, power, etc.). When development agencies start being seen as a funding source for businesses that should be able to stand on their own (as in this case) and provide little more knock-on-benefit to the local area than any other businesses of comparable size, then you know that you are in trouble.