More than Money: Alternative Incentives
More than Money: Alternative Incentives
Incentives are among the most important tools available to economic development organizations (EDOs) for business attraction. Although financial incentives are more commonly used, a fast-evolving alternative focuses on business assistance other than a direct subsidy. These alternative incentives are the focus of this paper. It explores more than 40 different types of alternative incentives EDOs use, examines cases where alternative incentives were successfully used for business attraction or expansion, and provides recommendations for effectively utilizing them.
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