A modern economic war has been waged between states since Mississippi first dangled exclusive incentives in front of northern manufacturers in the hope of luring them south during the Great Depression. The war has been fought over jobs.
Since then, state and local units of government have birthed a long series of incentive programs for industry and businesses that are typically sold as a way to create new or save old jobs. These programs include, but are not limited to, selective offerings of property tax abatements, business tax credits, low interest loans and outright subsidies. Some states have programs that actually allow businesses to keep a percentage of their employees’ personal income taxes.
Are these programs effective? Do their costs outweigh their benefits?
In our joint program with National Review Institute Kevin Hassett and Mike LaFaive will discuss these questions and more, describe academic and other literature on the subject, discuss development pitfalls and offer solutions to incentive program shortcomings.
This event will take place virtually on Tuesday, September 22, at 1 p.m. EDT. Joe Lehman, president of the Mackinac Center, will share opening remarks and then will be followed by our featured speakers.
To RSVP and receive access to the forum, please register below.