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Development Incentives

A national stock exchange headquartered in downtown Dallas could drive more company relocations and jobs to the city and state. But many still wonder if it can compete against established exchanges.
As other states ramp up their own development incentives, Texas is experiencing more competition for opportunity zone projects. Of 94 economic incentives projects across the nation this year, just two were in Texas.
As the nation’s housing crisis continues, many cities are altering their policies for affordable housing developments. But some states are trying to rein in the incentives.
In the last decade, the state’s retention rate of physicians post-residency has declined. The Legislature hopes that funding 700 additional slots for medical school graduates, at $100,000 each, will incentivize the doctors to stay.
The state’s Constitution forbids government entities from providing a good, service or property without an equitable return, but Georgia has learned to leverage “bond-for-title” deals and “phantom bonds” to incentivize businesses.
A proposed change to the state code would mandate new construction projects to build between 1 and 20 percent of their available parking as electric vehicle charging spaces.
In hopes of luring in chipmakers, states have been increasing their incentives for semiconductor manufacturers so that they may capitalize on the long-term economic development opportunities.
Our regions may be entering a new era in which they simply try to maintain what they have, or manage their decline. It’s going be harder for urban and suburban leaders to rise to the top by attracting new major corporate tenants.
Remote work presents myriad fiscal challenges to cities as well as employers. Business tax incentives are also in peril. Are “15-minute cities” the ultimate remedy?
Focusing just a small fraction of our economic development resources on supporting entrepreneurs can benefit all communities. And it’s good politics.
The program offers companies tax breaks based on the number of employees they hire and where those jobs are located. A report found the program costs more to operate than the tax revenue it generates.
Kansas is just the latest: States keep throwing money at corporations, a practice that does little to improve their economies. What if they all decided to end this wasteful and ruinous arms race?
Federal aid won’t be enough to help ailing rural communities and urban neighborhoods. It's time for state policymakers to target them with cost-effective job creation policies.
Professional teams that discriminate against coaches, players and others shouldn’t be getting taxpayer money that would be better spent on the real problems that need more public funding.
The legislation would create a statewide incentive to develop and retain businesses in an increasingly competitive market. Five Democrats and 16 Republicans voted against the bill.
The billions in recovery funds flowing from Washington should be used to build local economies from the bottom up with a focus on justice and equity, rather than counting on trickle-down strategies that have failed.