By Richard Rubin, includes “State and local governments across the U.S. spend at least $30 billion a year to attract and keep companies, but the biggest deals generate little in the way of economic benefits in return, a new study shows. … The largest deals appear to be associated with job growth in the targeted industry but don’t clearly produce the hoped-for benefits for the broader regional economy … States tend to offer more incentives when governors are up for re-election and when corporate tax rates are higher to start with, the researchers found. …”
Read the full article on: The Wall Street Journal