Business Incentives Policy & Practice Initiative
The Business Incentives Policy and Practice Initiative was a joint project of the Pew Charitable Trusts and the Center for Regional Economic Competitiveness. This 18-month program engaged forward-thinking leaders at the state level to reform economic development incentive policies and practices.
The initiative collaborated with the governors of Indiana, Maryland, Michigan, Oklahoma, Tennessee, and Virginia, each of whom assembled a team with expertise in economic development, revenue, budgeting, auditing, and other areas to reform economic development incentive policies and practices.
Specifically, the teams worked to:
- Collect and report results from incentive investments
- Develop national standards and best practices that can become effective strategies that other states to use to improve their own development investments
Focusing on Outcome Measures: Virginia Economic Development Partnership
Rob McClintock, vice president of research at the Virginia Economic Development Partnership, discusses statewide reporting requirements for economic development incentives and his state’s participation in the business incentives initiative.
About the Client
Pew Charitable Trusts
Pew Charitable Trusts is an independent, non-profit organization – the sole beneficiary of seven individual trusts established between 1948 and 1979 by two sons and two daughters of Sun Oil Company founder Joseph N. Pew and his wife, Mary Anderson Pew.
State Econ Leaders Talk Incentives Policies, Federal Relationships
December 9, 2015
.@CRECnet's state economic development agency leaders workshop has kicked off in Phoenix. #econdev pic.twitter.com/Ol1oO8GoaB — Parry Carter (@PCarter222) November 18, 2015 State agency economic development secretaries from Hawaii to New England met for two days in Phoenix to discuss the challenges and opportunities they face in developing and delivering programs for the people they serve. […]