Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 18 August 2018

Abstract and Keywords

This article clarifies the key issues and findings relevant to public policy toward promoting local economic development through tax incentives and other business incentives. It defines incentives as public policies that, in addition to being aimed at affecting business decisions, are more or less customized to individual businesses and more or less discretionary. It reveals how tax incentives vary with incentive design. This includes financing, business target, the timing of assistance, hiring practices, and the accountability of businesses. It addresses the question of how such business incentives should be regulated and designed by different levels of government in order to maximize social benefits and, in particular, in order to increase efficiently per capita earnings. Finally, it explores the implications for federal, state, and local policy toward business incentives.

Keywords: local economic development, tax incentives, business incentives, incentive design, social benefits, local policy

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.