Q: Do Economic Development Incentives Support Small Businesses?

A. Not very much. Despite the claims of many states, when you look at the numbers, the vast majority of taxpayer dollars directed to economic development go to big corporations.

Q: Do economic development incentives support small businesses?

A: Not very much.
Despite the claims of many states, when you look at the numbers, the vast majority of taxpayer dollars directed to economic development go to big corporations.

About the Author

Avatar photo

Shelterforce

Shelterforce is the only independent, non-academic publication covering the worlds of community development, affordable housing, and neighborhood stabilization.

Tags

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

OTHER ARTICLES IN THIS ISSUE

ISSUE TABLE OF CONTENTS

  • New Lenses on Economic Development

    • Miriam Axel-Lute

    October 21, 2016

    Billions of taxpayer dollars are spent every year to stimulate economic development. Is it going where we think it’s going?

  • A trainee wearing a white hardhat fixes a light fixture in an apartment.

    Making a Success of Local Hire

    • Partnership for Working Families

    October 21, 2016

    Local hire policies are among the strongest strategies for bringing good job opportunities to disadvantaged communities, but adding more provisions to specifically target those with the most barriers to employment can make local hiring practices even more effective.

  • A sticker on a window promotes Bernal Bucks, a business initiative in San Francisco.

    Why Your Community Should Kick the Subsidy Habit

    • Michael Shuman

    October 21, 2016

    Corporate incentives won't help communities thrive, even distressed ones. But nurturing local businesses will save municipalities money and promote the growth of income, wealth, and jobs.