Business Incentives – Where they work and where they don’t.
- What, if anything, can policymakers do to stimulate growth and create jobs?
- How can we assure that the price of economic growth does not involve worker exploitation?
To help address these critical questions, NC Policy Watch is holding a series of special Crucial Conversation luncheons. Prof. Bill Lester of the Department of City and Regional Planning at UNC Chapel Hill was invited to unveil an important new study entitled "Mediating Incentives."
According to Lester, there are circumstances in which incentives can work — if we’re smart about where, when and how we pursue them. "Economic development incentives remain a controversial yet heavily used tool to attract jobs to states and communities. In this paper, we show that--rather than being patently good or bad--when NC grants incentives in areas of the economy that it already makes long-run strategic investments, employment outcomes are improved. Our research suggests that incentives can be used in a smarter way and that state institutions that mediate industry-state interactions are critical."
Link to the full paper:
Mediating Incentive Use: A Time-Series Assessment of Economic Development Deals in North Carolina
This paper was co-authored with Nichola Lowe and Allan Freyer
+ MUPP, University of Illinois at Chicago
+ B.A., University of Pennsylvania