State governments rely heavily on targeted economic development incentives to promote economic activity. In recent years, many states have adopted targeted subsidy programs known as deal-closing funds to attract and retain businesses. Despite the increased use of deal-closing funds, it remains...

State governments rely heavily on targeted economic development incentives to promote economic activity. In recent years, many states have adopted targeted subsidy programs known as “deal-closing funds” to attract and retain businesses. Despite the increased use of deal-closing funds, it...