Making Sense of Incentives

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Author :
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.

Rethinking Property Tax Incentives for Business

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Author :
Publisher :
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.

Directory of Incentives for Business Investment and Development in the United States

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Author :
Publisher : The Urban Insitute
ISBN 13 : 9780877665014
Total Pages : 796 pages
Book Rating : 4.6/5 (65 download)

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Book Synopsis Directory of Incentives for Business Investment and Development in the United States by : National Association of State Development Agencies (U.S.)

Download or read book Directory of Incentives for Business Investment and Development in the United States written by National Association of State Development Agencies (U.S.) and published by The Urban Insitute. This book was released on 1991 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Taxes and Growth

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Author :
Publisher : Council of State Policy & Planning Agencies
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Taxes and Growth by : Michael Kieschnick

Download or read book Taxes and Growth written by Michael Kieschnick and published by Council of State Policy & Planning Agencies. This book was released on 1981 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Rethinking Investment Incentives

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Publisher : Columbia University Press
ISBN 13 : 0231541643
Total Pages : 369 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Rethinking Investment Incentives by : Ana Teresa Tavares-Lehmann

Download or read book Rethinking Investment Incentives written by Ana Teresa Tavares-Lehmann and published by Columbia University Press. This book was released on 2016-07-12 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.

Industrial Incentives

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Author :
Publisher : W E Upjohn Inst for
ISBN 13 : 9780880991841
Total Pages : 307 pages
Book Rating : 4.9/5 (918 download)

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Book Synopsis Industrial Incentives by : Peter S. Fisher

Download or read book Industrial Incentives written by Peter S. Fisher and published by W E Upjohn Inst for. This book was released on 1998 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Incentives to Pander

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Author :
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.

Small Business Tax Incentives

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Author :
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Small Business Tax Incentives by : United States. Congress. Senate. Committee on Finance

Download or read book Small Business Tax Incentives written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1995 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.

Potential Tax and Other Incentives for the Economic Development of the State of Hawaii

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Author :
Publisher :
ISBN 13 :
Total Pages : 180 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Potential Tax and Other Incentives for the Economic Development of the State of Hawaii by : Richard Welsh

Download or read book Potential Tax and Other Incentives for the Economic Development of the State of Hawaii written by Richard Welsh and published by . This book was released on 1966 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financing State and Local Economic Development

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Author :
Publisher : Durham, N.C. : Duke University Press
ISBN 13 :
Total Pages : 520 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Financing State and Local Economic Development by : Michael Barker

Download or read book Financing State and Local Economic Development written by Michael Barker and published by Durham, N.C. : Duke University Press. This book was released on 1983 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors discuss alternative methods of financing state and local economic development, including the role of venture capital in urban development, the role of banking institutions in encouraging the growth of small business, and the place of pension funds in economic growth.

Incentives for Economic Growth

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Author :
Publisher :
ISBN 13 :
Total Pages : 532 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Incentives for Economic Growth by : United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally

Download or read book Incentives for Economic Growth written by United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally and published by . This book was released on 1977 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innovation and Public Policy

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Publisher : University of Chicago Press
ISBN 13 : 022680545X
Total Pages : 259 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Innovation and Public Policy by : Austan Goolsbee

Download or read book Innovation and Public Policy written by Austan Goolsbee and published by University of Chicago Press. This book was released on 2022-03-25 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.

The State Small Business Credit Initiative (SSBCI)

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Author :
Publisher : Nova Science Publishers
ISBN 13 : 9781624174827
Total Pages : 0 pages
Book Rating : 4.1/5 (748 download)

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Book Synopsis The State Small Business Credit Initiative (SSBCI) by : Marcus Powell

Download or read book The State Small Business Credit Initiative (SSBCI) written by Marcus Powell and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SSBCI provides funding to states, territories, and eligible municipalities to expand existing or to create new state small business investment programs, including state capital access programs, collateral support programs, loan participation programs, loan guarantee programs, and venture capital programs. This book examines the SSBCI and its implementation, including Treasury's response to initial program audits conducted by the U.S. Government Accountability Office and Treasury's Office of Inspector General. These audits suggested that SSBCI participants were generally complying with the statute's requirements, but that some compliance problems existed, in that, the Treasury's oversight of the program could be improved; and performance measures were needed to assess the program's efficacy.

Tax Incentives and Economic Growth

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815719574
Total Pages : 221 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Tax Incentives and Economic Growth by : Barry P. Bosworth

Download or read book Tax Incentives and Economic Growth written by Barry P. Bosworth and published by Brookings Institution Press. This book was released on 2011-08-01 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp decline in U.S. productivity growth in the 1970s has brought about a renewed interest in economic policies to expand aggregate supply. Particular importance has been given to the role played by government intervention in the form of taxes, transfer payments, and regulation. This volume asks just what is known about the effect of government policy on the productive capacity of the nation. It also looks at the role played by capital formation, technological change, and the quality of the work force.

Local Economic and Employment Development (LEED) Culture and Local Development

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264009914
Total Pages : 204 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Local Economic and Employment Development (LEED) Culture and Local Development by : OECD

Download or read book Local Economic and Employment Development (LEED) Culture and Local Development written by OECD and published by OECD Publishing. This book was released on 2005-04-21 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication highlights the impact of culture on local economies and the methodological issues related to its identification.

Bidding for Business

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Author :
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Bidding for Business by : William Schweke

Download or read book Bidding for Business written by William Schweke and published by . This book was released on 1994 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Development from the State and Local Perspective

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Author :
Publisher : Springer
ISBN 13 : 1137317493
Total Pages : 308 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Economic Development from the State and Local Perspective by : D. Robinson

Download or read book Economic Development from the State and Local Perspective written by D. Robinson and published by Springer. This book was released on 2014-09-17 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This definitive work mixes case law, public policy, economic strategy, and examines the wide range of issues facing efforts to improve the American economy, to illustrate how economic growth is driven through strong public-private partnerships, and how successful growth strategies from the state and local level operate to grow jobs.