Incentives

Our Economic Development Impact Detailed Report

In a related post, I explained what type of information was included in the Summary Report in Impact DashBoard. Impact DashBoard includes a one-page Summary Report for each taxing district in your analysis but the Detailed Report, consisting of 10-15 … Read More

Our Economic Development Impact Summary Report

K.I.S.S. – Keep It Simple, Stupid. This a principle we’ve come to appreciate over the years. Reporting on the impact of an economic development project can get technical but in developing Impact DashBoard, our economic development impact model, we have … Read More

A Word of Advice for Amazon HQ2 Communities

High-profile location projects like Amazon HQ2 magnify the importance of some economic development basics. Most important piece of advice I give to local governments, which doesn’t necessarily hold in the case of Amazon, is to get absolutely clear on the … Read More

In Defense of ED Incentives

“I’ll stop using economic development incentives when Walmart stops having sales.” – Some Economic Developer, Somewhere, Sometime It’s an intriguing comparison, but are economic development incentives analogous to retail sales? During this webinar, we compared economic development incentives to some … Read More

2015 Blog Posts

[av_one_full first] [av_heading tag=’h1′ padding=’10’ heading=’Impact Datasource – 2015 in Review’ color=’custom-color-heading’ style=” custom_font=’#c48236′ size=” subheading_active=” subheading_size=’15’ custom_class=”][/av_heading] [av_textblock size=” font_color=” color=”] Thanks to all of our clients and readers for an amazing 2015! We’re pumped for 2016 and have … Read More

Webinar Recap: Economic Development Incentives Process

[av_textblock size=” font_color=” color=”] Webinar Recap: Economic Development Incentives Process Did you miss it? Well, you’re in luck! Impact DataSource hosted a webinar series on the effective and judicious use of  economic development incentives and we’re sharing the videos and … Read More

Economic vs. Fiscal Impacts – What's More Important for Economic Developers? For Best Results, Estimate Both

Newspaper articles and press releases often describe business location or expansion deals in terms of jobs and average pay. Sometimes the economic output, usually in millions or better yet billions, is also touted to underscore the massive economic impact of … Read More

Making Wise Decisions on Economic Development Decisions

Impact DataSource helps economic development organizations, cities and other governments make wise decisions on incentives. We recommend communities conduct an economic and fiscal impact analysis to estimate the value of the proposed project and base the incentive amount on the … Read More

Economic Development Incentive Decisions

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

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