Journal ArticleDOI
Simulating the Effects of the Tax Credit Program of the Michigan Economic Growth Authority on Job Creation and Fiscal Benefits
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In this article, the authors simulate job and fiscal impacts of the Michigan Economic Growth Authority's tax credit program for job creation, commonly called “MEGA.” Under plausible assumptions about how such credits affect business location decisions, the net costs per job created of the MEGA program are simulated to be of modest size.Abstract:
This article simulates job and fiscal impacts of the Michigan Economic Growth Authority’s tax credit program for job creation, commonly called “MEGA.” Under plausible assumptions about how such credits affect business location decisions, the net costs per job created of the MEGA program are simulated to be of modest size. The job creation impacts of MEGA are simulated to be considerably larger than devoting similar dollar resources to general business tax cuts. The simulation methodology developed here is applicable to incentives in other states.read more
Citations
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Bidding for Industrial Plants: Does Winning a 'Million Dollar Plant' Increase Welfare? - eScholarship
TL;DR: In this paper, the authors used a novel research design to estimate the local consequences of successfully bidding for an industrial plant, relative to bidding and losing, on labor earnings, public finances, and property values.
Journal ArticleDOI
Jobs for the Heartland: Place-Based Policies in 21st-Century America
TL;DR: The authors showed that increases in labor demand appear to have greater impacts on employment in areas where not working has been historically high, suggesting that subsidizing employment in such places could particularly reduce the not working rate.
Journal ArticleDOI
Environment, Equity, and Economic Development Goals: Understanding Differences in Local Economic Development Strategies:
Xue Zhang,George C. Homsy +1 more
TL;DR: This article used a 2014 national survey to analyze the relationship between local environment and social equity motivations and the kinds of economic development strategies local governments pursue (business incentives or community economic development policies).
Journal ArticleDOI
The Social Value of Job Loss and Its Effect on the Costs of U.S. Environmental Regulations
TL;DR: In this paper, the authors present estimates of the social costs of job loss in the United States, based on estimates of how local labor markets respond to job changes, and the estimated social costs have a present value per job lost in the hundreds of thousands of dollars.
The Effects of Tax Increment Financing On Assessed Land Values
Fullerton,Burdette Edward +1 more
TL;DR: The use of tax increment financing in building and land valuation studies has been studied in the context of economic development in the state of Missouri as discussed by the authors, where the authors evaluated the use of Tax Increment Financing in tax incrementment in building valuation studies.
References
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Book
Who Benefits from State and Local Economic Development Policies
TL;DR: Bartik as mentioned in this paper reviewed evidence on whether state and local policies affect job growth and presented empirical data supporting the intentions of such programs, showing that job growth may lead to a number of positive long-term effects including: lower unemployment, higher labor force participation, higher real estate values, and better occupational opportunities.
Journal ArticleDOI
The Effect of State and Local Taxes on Economic Growth: A Time Series--Cross Section Approach
TL;DR: For example, this paper found that state and local tax increases significantly retard economic growth when the revenue is used to fund transfer payments, and that when the tax revenue are used instead to improve public services (such as education, highways, and public health and safety) the favorable impact on location and production decisions provided by the enhanced services may more than counterbalance the disincentive effects of the associated taxes.
Posted Content
Altered States: Taxes and the Location of Foreign Direct Investment in America
TL;DR: The authors examined the effect of taxation on foreign investment and business location within the United States and found that 1% differences in state corporate tax rates are associated with 7-9% differences between the investment shares of foreign tax credit investors and the investment share of all others, suggesting that state taxes significantly influence the pattern of foreign direct investment in the US.
Journal ArticleDOI
Assessing the Incidence and Efficiency of a Prominent Place Based Policy
TL;DR: The authors empirically assesses the incidence and efficiency of Round I of the federal urban empowerment zone (EZ) program using confidential microdata from the Decennial Census and the Longitudinal Business Database.
ReportDOI
Altered States: Taxes and the Location of Foreign Direct Investment in America
TL;DR: In this article, the distribution between U.S. states of investment from countries that grant foreign tax credits with investment from all other countries was compared, showing that state taxes significantly influence the pattern of foreign direct investment in the United States.