Report: Cash-Strapped States Fail to Track Whether Business Tax Breaks Are Sparking Job Growth
A new study finds that most states are doing a poor job tracking whether their tax breaks for businesses are actually spurring job growth. Some have poured hundreds of millions of dollars into corporate incentives even while grappling with record deficits.
The nonpartisan Pew Center on the States says states should regularly evaluate incentives in a rigorous way to see if they're working and make sure lawmakers use that information to evaluate them.
Pew researcher Jeff Chapman says such evaluation is critical given that most states face budget struggles.
Read the full report at chicagotribune.com.
- Economic Development Tax Incentives