Economic development incentives in NEO

Submitted by Ed Morrison on Thu, 04/07/2005 - 06:25.

The Akron Beacon Journal does a good job in covering economic development issues for our region. Here's a story on the shifting use of economic development incentives. Read more.

We will have to be careful in moving in this direction, though. There's little economic evidence that incentives work at all. And incentives carry significant risks. We can easily erode our tax base without providing any significant addditional welath to the region. Using incentives to move companies from place to place within our region makes no sense at all.

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