We also analyzed just the 412 additional firms that received multiple incentive offers over time. We code the Incentive variable as a continuous cumulative measure of number of incentives received until a given year in the panel. Table 6 shows the results of this analysis across alternate specifications. We find that our original results are still consistent in terms of positive and significant effects of employment and sales growth among firms that received multiple incentives. We also find that the effect sizes determined by incentive dollars per job among 2,302 firms range between $109.3K to $547.4K per job.
Table 6: Analysis including multiple award firms