Economic Development: Strategies for State and Local Practice, 2nd Edition: Chapter 4: Tools of Economic Development

Chapter 4 from Economic Development: Strategies for State and Local Practice, 2nd Edition, shifts the focus to specific techniques and tools of economic development. ...

DIGITAL PUBLICATION | Mar 14, 2017
March 14, 2017

Chapter 4 from Economic Development: Strategies for State and Local Practice, 2nd Edition, shifts the focus to specific techniques and tools of economic development. These tools include financial incentives, such as loans and tax-exempt bonds; tax incentives, such as tax exemptions and tax abatements; and nonfinancial assistance, such as site development and customized education. An understanding of these tools of development is essential for leaders who wish to improve their local economies. State, city, and county leaders need both an understanding of economic development theory and knowledge of the tools that can be applied to foster development. 

Subsections include: 

  • Learning objectives  
  • Financial incentives  
  • Tax policies  
  • Nonfinancial assistance  
  • When to use specific tools  
  • Summary  
  • Study questions  
  • Notes  
  • Additional resources

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