Economic Development

Tax Incentives Fail to Spur Broad Economic Growth, Study Finds

Researchers analyzed state and local governments tax incentive spending, finding little evidence that the deals spurred job growth outside the specific industry implicated.

Remote Workers Moving to Tulsa? Foundation Doubles Down on Recruitment Efforts

The Remote Tulsa program is now offering $10,000 to 250 people to move to the Oklahoma city for a year, citing success in its first year.

Farm Subsidies Favor South, Irking Other Regions

U.S. farming subsidies were worth as much as $14.5 billion in 2019.

Governments Increasingly Rely on Evaluations for Tax Incentive Reform

ANALYSIS | More states and cities are requiring rigorous analyses.

A Plan for Closing the Gap Between ‘Superstar’ Cities and Other Metro Regions

Just five U.S. metro areas were home to more than 90% of tech sector growth between 2005 and 2017. How can policymakers change that?

They’ve Built It, but Will People Come to the Midwest?

COMMENTARY | Several Midwest cities like Indianapolis are experiencing an economic renaissance. Yet, the region’s inability to attract people threatens long-term prospects.

Concerned About Her City's Lack of Affordable Housing, a Councilwoman Decided to Build Some

Jillian Johnson, mayor pro tem of Durham, N.C., is constructing a duplex next to her house with the goal of renting its two units to low-income families who need stable housing.

The Economic Driver Next Door: Universities

COMMENTARY | Instead of placing big bets on projects like Amazon HQ2, state and local governments should look to institutions like universities to usher in economic productivity.

With West Coast States Blocking Coal Export Projects, Proponents Keep Pushing

Environmental and public health concerns have doomed some proposals. But the volatile economics of sending coal overseas calls into question how much it can help struggling mines.

Democrats Launch Inquiry Into Opportunity Zones Program

They’re focused on whether political interference by Trump administration officials played a role in the selection of a Nevada zone. Meanwhile, a senator has put forward a bill that would impose new transparency requirements.

‘Rural America is Not an Economic Liability’

A think-tank drills down into the variation across the nation’s rural economies and looks for where opportunities might lie.

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Dollar Value of Outdoor Recreation For Each State Detailed in New Data

More states in recent years have been devoting special attention to the outdoor recreation economy. The figures help show its size.

The Metro Areas Where Economic Output Rivals Whole Countries

Nearly 40 of the world's 100 largest economies in 2018 were U.S. metro areas, figures in a new report show. And it's not just mega-regions that made the list.

State Poverty Figures Show Positive Trends, But Some Places Still Struggle

The Census Bureau figures also show incomes lag behind pre-recession levels in at least nine states.

Don't Move People Out of Distressed Places. Instead, Revitalize Them

A new study shows that place-based policies are key to helping people in distressed cities, where investments should be tailored to local economic conditions.

After Amazon’s HQ2 Retreat, New York State Lawmakers Target ‘Corporate Welfare’

After the collapse of Amazon’s HQ2 deal, New York State lawmakers are preparing bills to curb what they call “corporate welfare.” And they’re not alone.

Smithsonian to Rural Regions: Your Wealth Is in Your Culture

A traveling exhibit will visit up to 165 rural cities across 28 states.

States Should Look Beyond Economic Incentives When Attracting Businesses

COMMENTARY | The executive director of the Utah Gov. Gary Herbert’s Office of Economic Development on what state leaders should be thinking about.

Pay May Be Lower in Smaller Cities, But it Can Stretch Further

New analysis highlights salary advantages in small and mid-sized metro areas.

The Next Recession Will Destroy Millennials

Millennials are already in debt and without savings. After the next downturn, they’ll be in even bigger trouble.