Evaluation of Industrial Location Incentives Programs

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (236 download)

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Book Synopsis Evaluation of Industrial Location Incentives Programs by : Regional Economic Development Institute (Washington, D.C.)

Download or read book Evaluation of Industrial Location Incentives Programs written by Regional Economic Development Institute (Washington, D.C.) and published by . This book was released on 1970 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Evaluation and Comparison of Geographically Targeted Economic Development Programs in Ohio and Piedmont, Italy

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Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.:/5 (312 download)

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Book Synopsis An Evaluation and Comparison of Geographically Targeted Economic Development Programs in Ohio and Piedmont, Italy by : Andy Hultquist

Download or read book An Evaluation and Comparison of Geographically Targeted Economic Development Programs in Ohio and Piedmont, Italy written by Andy Hultquist and published by . This book was released on 2007 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fixed-effects regression models controlling for both place and time-specific effects are employed to test the effect of incentives on changes employment and wages for establishments by industry at the ZIP code level. Areas receiving incentives are compared to non-program ZIP codes exhibiting similar economic and distress characteristics, controlling economic growth occurring in the absence of program intervention.

Evaluating Firm-Specific Location Incentives

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ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Evaluating Firm-Specific Location Incentives by : Nathan M. Jensen

Download or read book Evaluating Firm-Specific Location Incentives written by Nathan M. Jensen and published by . This book was released on 2015 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of financial incentives to attract and retain companies has become one of the most common economic development strategies of U.S. states and municipalities. Despite the widespread debate on the effectiveness of these programs, few systematic academic studies have examined how incentives affect job creation and local economic development. The result is that policymakers often lack objective data from which to draw conclusions about the benefits of these programs. At a time in which state and municipal budgets are increasingly strained, new tools that allow policymakers to evaluate and understand the costs and benefits of incentive programs are needed. This paper attempts to provide policymakers with such a tool by exploring the impact of the Promoting Employment Across Kansas (PEAK) incentive program and other incentives. The paper is part of a larger project funded by the Ewing Marion Kauffman Foundation that seeks to examine the effects of incentives on job creation in the Kansas City region as part of a two-year study of incentive competition. The paper's main finding is that, when comparing firms receiving PEAK incentives to a similar set of “control” firms, PEAK incentives recipients are statistically not more likely to generate new jobs than similar firms not receiving incentives. A secondary set of findings shows that firms relocating to Kansas, with or without incentives, do not experience job growth at higher rates than existing firms. More important than the specific analysis of the PEAK program, this paper provides a model for the evaluation of incentive programs that could be applied to both state and municipal incentive programs. In the conclusion, I offer some suggestions for reforms of both the reporting of incentives and the analysis of the economic impact of incentives, and alternative economic development strategies.

Making Sense of Incentives

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Publisher : W.E. Upjohn Institute
ISBN 13 : 0880996684
Total Pages : 180 pages
Book Rating : 4.8/5 (89 download)

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Book Synopsis Making Sense of Incentives by : Timothy J. Bartik

Download or read book Making Sense of Incentives written by Timothy J. Bartik and published by W.E. Upjohn Institute. This book was released on 2019-10-15 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bartik provides a clear and concise overview of how state and local governments employ economic development incentives in order to lure companies to set up shop—and provide new jobs—in needy local labor markets. He shows that many such incentive offers are wasteful and he provides guidance, based on decades of research, on how to improve these programs.

State Business Incentives and Economic Growth

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Publisher :
ISBN 13 : 9780872920903
Total Pages : 62 pages
Book Rating : 4.9/5 (29 download)

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Book Synopsis State Business Incentives and Economic Growth by : Roger Wilson

Download or read book State Business Incentives and Economic Growth written by Roger Wilson and published by . This book was released on 1989 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Rethinking Property Tax Incentives for Business

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ISBN 13 : 9781558442337
Total Pages : 0 pages
Book Rating : 4.4/5 (423 download)

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Book Synopsis Rethinking Property Tax Incentives for Business by : Daphne A. Kenyon

Download or read book Rethinking Property Tax Incentives for Business written by Daphne A. Kenyon and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.

Evaluation of California's Enterprise Zone and Employment and Economic Incentive Programs

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ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Evaluation of California's Enterprise Zone and Employment and Economic Incentive Programs by : David E. Dowall

Download or read book Evaluation of California's Enterprise Zone and Employment and Economic Incentive Programs written by David E. Dowall and published by . This book was released on 1994 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Analysis of Economic Development Incentives for Iowa

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Publisher :
ISBN 13 :
Total Pages : 142 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Analysis of Economic Development Incentives for Iowa by : Daniel M. Otto

Download or read book Analysis of Economic Development Incentives for Iowa written by Daniel M. Otto and published by . This book was released on 1982 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Evaluating Business Development Incentives

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Publisher :
ISBN 13 :
Total Pages : 158 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Evaluating Business Development Incentives by : Kenneth E. Poole

Download or read book Evaluating Business Development Incentives written by Kenneth E. Poole and published by . This book was released on 1999 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Design and Evaluation of Tax Incentives for Business Research and Development : Good Practice and Future Developments : Final Report

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ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.:/5 (95 download)

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Book Synopsis Design and Evaluation of Tax Incentives for Business Research and Development : Good Practice and Future Developments : Final Report by :

Download or read book Design and Evaluation of Tax Incentives for Business Research and Development : Good Practice and Future Developments : Final Report written by and published by . This book was released on 2009 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a follow up of the November 2006 Communication "Towards a more effective use of tax incentives in favour of R&D" (COM(2006)728), the expert group "R&D tax incentives evaluation" was established to address the need to improve the evaluation of R&D tax incentives, both at individual firm level and on the economy at large, building on identified best practices from the EU and abroad. The key issue examined was the coherence between the methodologies used for evaluating the effectiveness of R&D tax incentives in Europe as to facilitate the comparison of evaluation results and foster mutual policy learning amongst Member States. Findings are summarised in the report "Comparing practices in R&D tax incentives evaluation". In 2009, the tax expert group re-examined the current guidelines on the design and evaluation of R&D tax incentives (first developed in 2005), assessed the impact of tax incentive schemes on R&D investment location, and analysed the relationship between tax incentives schemes and R&D collaboration. The work of the group also examined the role of financing constraints on the ability of firms to undertake R&D investments. A one day workshop with national experts from Member States was held in Brussels in October 2009. This final report of the group comprises a main report and annexed papers covering: the effect of R&D tax incentives on location of R&D investment, tax incentives for industry-science collaboration, financing constraints for industrial innovation, and summaries of R&D tax incentive schemes in EU and non-EU countries. It provides important insights for ongoing policy discussions on best-practice in the design, implementation and evaluation of R&D tax incentive schemes.

Evaluation of Industrial Incentives Grants Program

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ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Evaluation of Industrial Incentives Grants Program by :

Download or read book Evaluation of Industrial Incentives Grants Program written by and published by . This book was released on 1973 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Do Economic Incentives Work? Evaluating the Effect of Incentives Designed to Attract Investment on State-Industry Growth Rates

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ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Do Economic Incentives Work? Evaluating the Effect of Incentives Designed to Attract Investment on State-Industry Growth Rates by : Christian Conroy

Download or read book Do Economic Incentives Work? Evaluating the Effect of Incentives Designed to Attract Investment on State-Industry Growth Rates written by Christian Conroy and published by . This book was released on 2019 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic development scholars remain divided over whether economic incentives designed to attract businesses to a locality ultimately promote job growth, higher wages and economic development or just give away taxpayer dollars. While some research has found that economic incentives may nudge a company to choose one location over a similar location, others have argued that companies make location decisions based on strategic considerations like human capital and supply chains, and not based on economic incentives. At the same time, even if companies are choosing to locate to a particular locality based on an economic incentive package, it is not clear that the growth they bring is enough to compensate for the loss of tax revenue. In this paper we evaluate the impact of five different types of state-level economic incentives on GDP growth. We use a novel Panel Database on Incentives and Taxes established by the W.E. Upjohn Institute for Employment Research that contains data on marginal business taxes and business incentives for 45 industries in 47 cities in 33 states collected from 1990 to 2015. Using several estimation strategies, including short and long term two-way fixed effects regression modeling and propensity score stratification, we find that economic incentives in the aggregate have a positive impact on state-industry GDP growth but the effects differ across economic incentive types.

An Evaluation of the Effectiveness of the Industrial Modernization Incentives Program

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Publisher :
ISBN 13 :
Total Pages : 77 pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis An Evaluation of the Effectiveness of the Industrial Modernization Incentives Program by : David E. Spenny (CAPT, USAF.)

Download or read book An Evaluation of the Effectiveness of the Industrial Modernization Incentives Program written by David E. Spenny (CAPT, USAF.) and published by . This book was released on 1986 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Appendices to Evalutation of Industrial Location Incentive Programs

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (258 download)

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Book Synopsis Appendices to Evalutation of Industrial Location Incentive Programs by : Regional Economic Development Institute (Washington, D.C.)

Download or read book Appendices to Evalutation of Industrial Location Incentive Programs written by Regional Economic Development Institute (Washington, D.C.) and published by . This book was released on 1969 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Effective Location Subsidies

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Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Effective Location Subsidies by : Robert S.. Woodward

Download or read book Effective Location Subsidies written by Robert S.. Woodward and published by . This book was released on 1973 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Incentives to Pander

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Publisher : Cambridge University Press
ISBN 13 : 1108311423
Total Pages : 271 pages
Book Rating : 4.1/5 (83 download)

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Book Synopsis Incentives to Pander by : Nathan M. Jensen

Download or read book Incentives to Pander written by Nathan M. Jensen and published by Cambridge University Press. This book was released on 2018-03-15 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policies targeting individual companies for economic development incentives, such as tax holidays and abatements, are generally seen as inefficient, economically costly, and distortionary. Despite this evidence, politicians still choose to use these policies to claim credit for attracting investment. Thus, while fiscal incentives are economically inefficient, they pose an effective pandering strategy for politicians. Using original surveys of voters in the United States, Canada and the United Kingdom, as well as data on incentive use by politicians in the US, Vietnam and Russia, this book provides compelling evidence for the use of fiscal incentives for political gain and shows how such pandering appears to be associated with growing economic inequality. As national and subnational governments surrender valuable tax revenue to attract businesses in the vain hope of long-term economic growth, they are left with fiscal shortfalls that have been filled through regressive sales taxes, police fines and penalties, and cuts to public education.

Report of Directors of Industrial Incentives Regarding the Ongoing Review of the Regional Development Incentives Program

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Report of Directors of Industrial Incentives Regarding the Ongoing Review of the Regional Development Incentives Program by :

Download or read book Report of Directors of Industrial Incentives Regarding the Ongoing Review of the Regional Development Incentives Program written by and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: