This is the first significant attempt to quantify the development efforts made by state and local governments. The authors' extensive research focuses on tax and incentive policies across the 24 most industrialized states in the U.S.A. and a sample of 112 cities from within those states.

Peters and Fisher evaluate 75 enterprise zones (EZs) located in 13 states to gain an understanding of the overall effectiveness of state enterprise zones. Faced with a paucity of data on EZs that could be used in standard economic analysis, the authors employ a hypothetical firm model in which...

Product development corporations have been established by eight states for the purpose of promoting the development of innovative sectors of the economy by augmenting the supply of risk capital. They operate by providing a grant to a firm to finance the design, testing, and commercialization of...

This article provides a preliminary analysis of the spatial distribution of business incentives across 8 states and 27 cities. A variation on the "hypotheticalfirm " method is used to measure the size of tax and nontax incentives offered by those states and cities. The net present value of...

type="main" <title type="main">ABSTRACT</title> <p>We estimate the impact of manufacturer business taxes on value added during the 1990s for 15 manufacturing sectors in 20 U.S. states. When the tax climate is properly measured as the potential liability arising from new investment in a state, we estimate that a 10 percent...</p>

Firm-specific incentives and enterprise zones are the two most rapidly growing weapons in states' and localities' competitive arsenal. What incentives have states and localities adopted, which of these incentives are spreading, and what are the prominent successes and failures? What has been the...