Sunday, December 09, 2012

Randy Parham: Economic development incentives are balancing act for cities

Written by Randy Parham
For The Tennessean
Do economic development incentives work? Are they good for the community? Why do communities like Nashville offer economic incentives to attract or keep businesses?

“Many times a community won’t even make the short list unless it is willing to offer some kind of incentive,” says Janet Miller, chief economic development and marketing officer for the Nashville Area Chamber of Commerce.

But how much is too much?

“There is no magic formula for this,” she said. “Each community must determine what is in its best interest based on its unique situation.” More here.

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