Seeding Growth: Maximizing the Return on Incentives
Seeding Growth: Maximizing the Return on Incentives
Incentives are a prevalent tool in economic development practice, yet two central questions remain: how can the return of these investments be calculated, and how can the return be increased? This report presents practitioners with four models of return that can be implemented, and then describes in detail the methods of undertaking the calculations that are critical to accurate results. The report also offers practitioners guidelines that can be used to increase the return of incentives, including clearly defining objectives, setting criteria for receiving objectives, and rewarding companies that meet and exceed their commitments.
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