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Research report

State Economic Development Strategies

A Discussion Framework

Norton Francis, Megan Randall
April 24, 2017
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Abstract

States invest in three areas to encourage job and wage growth: the marketplace, the workforce, and the community. Marketplace investment includes general business support and finance assistance, small-business procurement programs, and tax incentives. Workforce programs develop and train the local labor force, connecting workers to family-sustaining jobs while meeting firm demands for skilled labor. Investment in community includes public goods such as transportation, electricity, telecommunications, and K–12 and higher education. Successful economic development strategies coordinate all three types of investment. This report shows governments how to better unify these strategies, track results, and direct resources to programs that achieve desired outcomes.

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Business Taxes State and Local Issues
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Meet the Experts

  • Norton Francis
    Senior Research Associate
  • Megan Randall
    Research Associate
Brief

Understanding the Maze of Recent Child and Work Incentive Proposals

Elaine Maag, Nikhita Airi
June 1, 2020
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