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Effective place-based policy can be model for future incentives, evidence shows
April 15, 2021
“We evaluated the effects of one of a new generation of economic development programs, the California Competes Tax Credit, on local job creation. Our findings show that CCTC awards increased employment among workers residing in both high- and low-income communities and that the local multipliers are larger for nonmanufacturing job creation than for manufacturing,” says study co-author David Neumark, UCI Distinguished Professor of economics.
Steve Zylius / UCI
Irvine, Calif., April 15, 2021 Finally, an economic development tax incentive program that works – that’s the conclusion of an analysis by researchers at the University of California, Irvine. They found that each job incentivized under the California Competes Tax Credit led to more than two additional people working in that location. The positive results indicate that the program ....

National Bureau Of Economic Research , United States , Orange County , David Neumark , Matthew Freedman , Howard Gillman , Shantanu Khanna , University Of California , Smith Richardson Foundation , Statistical Research Data Center , American Community , Association Of American Universities , John Arnold Foundation , California Competes Tax Credit , American Community Survey , Statistical Research Data , National Bureau , Economic Research , Smith Richardson , American Universities , Chancellor Howard Gillman , தேசிய பணியகம் ஆஃப் பொருளாதார ஆராய்ச்சி , ஒன்றுபட்டது மாநிலங்களில் , ஆரஞ்சு கவுண்டி , மேத்யூ விடுவிக்கப்பட்டவர் , ஹோவர்ட் கில்மேன் ,