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News & Press: 2018 Member News

January Incentives Update

Wednesday, January 24, 2018  
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Your Economic Development Resource

Helping Communities Make Sound Decisions

 

Happy New Year! We're only a few weeks into 2018, and incentives are already high profile news as part of major project announcements from Toyota-Mazda and Amazon. We expect to see more announcements, new research on incentive effectiveness, growing efforts to increase transparency in incentive use, and many more developments affecting incentive programs in the coming year. We promise to keep you informed on the latest. If you are looking for daily updates on incentives news and research, consider following us on Twitter and LinkedIn!

 

 

 

Map taken from MarketWatch.com

 

 

Check out our latest Smart Incentives blog articles:

What Drives a Successful Bid? A Closer Look at Alabama's Incentive Offer to Toyota-Mazda
Toyota-Mazda recently announced it will invest $1.6 billion to construct a new auto manufacturing facility in Huntsville, Alabama. Which incentive characteristics mattered most to securing the project? Our assessment is that it was three T’s: talent, teamwork and TIF.

Economic Development Incentive Programs for Worker Training
Talent is the top issue for expanding and relocating businesses. Worker training programs are among the top business incentives offered by economic development organizations. We used the C2ER State Business Incentives Database to identify 50+ state economic development programs focused on job training to meet company talent needs.

State Debates Biotech Tax Credit Findings
Late last year the Maryland Department of Legislative Services released a draft Evaluation of the Biotechnology Investment Incentive Tax Credit. The report recommends eliminating the tax credit, but supporters disagree. This article reviews the biotech tax credit study as part of an occasional series on incentive evaluation reports.

 

 

We have developed Smart Incentives because we believe that it is vital for economic development groups to have access to high-quality business intelligence in order to make the best decisions for their communities.Part of our mission is to distribute valuable and relevant information. Each month we will share our top articles and industry news.Please let us know how we can better serve you and all our partners in economic development by responding to any one of our emails.

 

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