Learn more about the use of local economic development incentives through our Local Economic Development Training Course. Although critics may view the use of economic development incentives as corporate welfare, local governments can improve the social welfare by supporting private … Read More
Daily Archives: May 27, 2011
Step 1: Should an incentive be offered to this firm?
It goes without saying that incentives should only be offered to businesses that would not otherwise locate in the in absence of the incentive. Understanding the difficulties of this requirement we present additional criteria that economic development organizations (EDOs) use … Read More
Step 2: What is the appropriate value of the incentive?
Step 2: What is the appropriate value of the incentive? Once an economic development organization has determined that the business or project is worthy of an incentive offer, the organization must determine the appropriate value of the incentive. An appropriate … Read More