States spend billions of dollars a year on economic development initiatives that are meant to encourage businesses to create or retain jobs and make investments. Pew studies the policies and practices that states have used to generate much-needed analyses about the costs and economic returns of tax incentives. We also examine how states can stimulate economic growth through cost-saving regulatory process improvement. Based on this research, we work with state leaders to:
- Make a plan to evaluate the results of all major incentives on a regular schedule and measure the impact of those programs using high-quality evaluations.
- Inform policy choices with evaluation findings to improve the effectiveness of tax incentives.
- Improve how businesses are regulated to boost opportunities for growth while protecting the environment and public health.
Report February 2, 2021
States Can Direct Economic Development to Places in Need
Issue Brief April 4, 2019
What Factors Influence the Effectiveness of Business Incentives?
Report August 16, 2018
State Strategies to Help Businesses Launch and Expand
Report May 3, 2017