re: Regardless How They’re Counted, Incentives Do Nothing for Economic Development – Jobs & Economy
Just ran across this post, and it made me curious to hear your quick thoughts:
Last Friday, I wrote here on the “uselessness of economic development.” Using The New York Times’s new database on state and local economic development incentives, I found no association between these incentives and key measures of economic performance and found virtually no association for the fifty states.
/via Richard Florida
Obviously, ‘correlation does not mean causation’, and this is state level data which does not take into account local community incentives, *and* quite a bit of what we are trying to do downtown doesn’t really count as ‘incentives’… but, I wonder if there aren’t a few things we can learn from this meta-patern.
Specifically, how can we best incentivize and accelerate the growth of the downtown community, without building a culture that expects hand outs.