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Economic Development Incentives, Reported Job Creation, and Local Employment

Author

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  • Paul Byrne

    (Washburn University)

Abstract

State and local policy makers continue to utilize and emphasize economic development incentives to attract and retain employers, with tax increment financing (TIF) being one of the more popular incentives. Recently, several states increased reporting requirements for local economic development agencies in an attempt to ensure that targeted incentives are achieving their stated objectives. However, the economic validity of these reported jobs depends heavily on the extent to which the incentives draw new economic activity into an area. In this paper, I examine the credibility of the number of jobs reported by local economic development agencies in Missouri as having been created or retained by TIF. The analysis studies the impact of these reported jobs on county employment, as measured by the Bureau of Labor Statistics. Results suggest that the number of jobs reportedly created by TIF districts do not significantly impact county employment.

Suggested Citation

  • Paul Byrne, 2018. "Economic Development Incentives, Reported Job Creation, and Local Employment," The Review of Regional Studies, Southern Regional Science Association, vol. 48(1), pages 11-28, Spring.
    • Handle: RePEc:rre:publsh:v48:y:2018:i:1:p:11-28
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    Citations

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    Cited by:

    1. Themba Lukhele & Thanyani Madzivhandila, 2018. "The dilemma between the pro-market and the pro-poor local economic development approaches in the democratic South Africa: Theoretical perspective," Local Economy, London South Bank University, vol. 33(8), pages 877-888, December.
    2. Koirala, Samjhana & Jakus, Paul M. & Watson, Philip, 2023. "Identifying Constraints to Rural Economic Development: A Development Guidance Function Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 48(3), September.

    More about this item

    Keywords

    economic development incentives; tax increment financing; business subsidies; local economic development;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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