A recently-released report by Institute senior economist Timothy Bartik is the basis of a March 29 posting on The Atlantic's CityLab. In it, author Sarah Holder shares how Bartik's work shows positive short-term impacts of the typical economic development incentive package. However, those effects turn negative as soon as 22 years into an agreement. And, as Holder summarizes from the report, "It’s public education that suffers most drastically from budgetary reshuffling; and vulnerable low-income populations that are afforded the smallest gains."
Read "The Real Cost of Luring Big Companies to Town" by Sarah Holder.
Read the report ""Who Benefits From Economic Development Incentives? How Incentive Effects on Local Incomes and the Income Distribution Vary With Different Assumptions About Incentive Policy and the Local Economy" or