Incentive Watch

Monday, August 13, 2007

Here are some articles on incentives from the last week.

San Antonio came up with a package to keep fast growing, home-grown company Rackspace in the city (with new boundaries, no less). The state threw in $22 million. Here's an editorial. A commentaror sees this investment as important to providing a new message for San Antoion. Read more.

Kansas City is still in the middle of its incentive review, and the mayor (a former auditor) has made his point: old incentive policy did not work. This situation will be interesting to watch. Read more. Here's another article.

A company in the Quad Cities is "negotiating" on incentive package with one of the oldest ploys in the book. Give us the incentive or we'll move. The newspaper does a good job dissecting the details. Read more.

In the face of state efforts to restrict local incentives for developers in Arizona, local governments are turning to deals in which the government owns the land and leases it back to developers. Here's a good review of what has been going on. Read more.

Finney County, Kansas takes its incentive policy seriously, and it has drafted a policy to tie incentives to jobs. Read more. The policy is on-line here. I was particularly interested in the no piracy clause (Section 11).

Missouri Governor Blunt has been in the middle of an incentives controversy with the state legislature, and he has announced that he will be calling them back into session on August 20 to work matters out. Read more. Here's another article.

Here's another example of TIF Creep: Tax Increment Financing is an effective tool to draw development to blighted properties. Now some jurisdictions are using the tool to help established companies in prosperous communities. The use of a TIF in Maryland is drawing criticism of a county commissioner. Read more.

Here's a perspective on incentives from economic developers in the Triad region of North Carolina. Read more.

New Rok is trying to tighten up administration of its Empire Zone program. Read more.

posted by Ed Morrison |

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