Nathan Jensen, a political science professor at Washington University in St. Louis, has found evidence that one of the most popular strategies for state and local leaders to attract new business does not pay off.
The default strategy of stealing away employers from other locations with lucrative incentive packages is almost a default strategy of political leaders in some part of the country, according to an article by J.D. Harrison.
Such incentive packages cost taxpayers around $70 billion annually, according to Harrison, "and there’s new evidence that it’s not particularly effective at a local level, either."
The article describes the findings and implications of a study by Nathan Jensen, which "concluded that there is 'no evidence' that those oft-used tax incentive programs have any positive effect on job creation. In fact, by cutting into public funds that could have been used for other programs that, say, spur private investment or fund research, and by making it harder for employers who do not receive tax breaks to compete in the market, the programs may actually be having a detrimental effect."
FULL STORY: How an oft-used economic development tactic may actually be hurting the economy
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Appalachian Highlands Housing Partners
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie