From the Wall Street Journal-The race to woo companies has intensified as state and local governments struggle with a slow economic recovery, sluggish new business formation and job losses resulting from automation. Many older industrial cities see tax incentives as one of the few levers they can pull.
From the Pentagraph, Rivian, which operates research facilities near Detroit and San Francisco but plans to make Normal, Il the manufacturing core of its upcoming line of electric cars, will receive state tax credits worth about $49.5 million for creating 1,000 jobs over 10 years, said an Illinois Department of Commerce and Economic Opportunity spokesperson.
Government agencies have limited control on business decision that effect the American economy, however a change in the disproportionate allocation of government incentives towards small and startup companies could stimulate job creation. MICHAEL MAZEROV and MICHAEL LEACHMAN published an article in Feb 2016 that reflect on research supporting this idea.
Government agencies have limited control over the multitude of business decisions that drive the modern American economy, however changing the disproportionate allocation of Incentives to smaller businesses internally may bring jobs and revenue to them. MICHAEL MAZEROV and MICHAEL LEACHMAN published by An article in Feb 2016 based on research showing larger percents of job creation with focus on small and start-up company growth.