NBER research questions value of state business tax incentives
In 2015, state and local business incentives across the nation combined for a total annual cost of roughly $45 billion, according to Timothy Bartik's 2017 report for the Upjohn Institute for Employee Research. New research suggests states and regions trying to attract business through the use of firm-specific tax incentives may want to try another tactic.
New book finds job-creation tax incentives mostly fail, improvements recommended
Tax incentives don’t affect a company’s decision on where to locate in a majority of cases, according to a new book. Making Sense of Incentives: Taming Business Incentives to Promote Prosperity by Timothy J. Bartik of the W.E.
Tax incentives don’t affect a company’s decision on where to locate in a majority of cases, according to a new book. Making Sense of Incentives: Taming Business Incentives to Promote Prosperity by Timothy J. Bartik of the W.E. Upjohn Institute for Employment Research does conclude that better-designed tax-incentive programs “when combined with business services and other smart policies … can be a cost-effective way to promote inclusive local economic growth.”
Recent announcements reveal “mega” trends in electric vehicle and battery manufacturing expansions
The recently approved Inflation Reduction Act with new incentives for electric vehicle ownership and energy efficiency is likely to continue a trend among states for the location of major economic development projects, a trend toward everything mega—megasites, megadeals, mega factories, and mega projects.