That is twice the national average, 9 times more than Virginia and 4 times more than Georgia. So what do we get for giving $2.5 billion to business?
“A New Panel Database on Business Incentives…in the United States” leads to some key questions: how much is enough? And are the incentives designed to attract well-paying jobs, or dead-end work with little or no benefits?
Bartik, a senior economist at the Michigan-based think tank, found that states with high levels of incentives don’t have significantly better economic performance than their neighbors.
I have long advocated that we need a national law to ban local incentives to business and instead direct that money to quality of life improvements to the local infrastructure, schools, and environment. Now we have a study that says we don't get a reasonable return on our tax money.
Via Humphrey: (link...)
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