Download or read book Empowerment for Whom The Impact of Community Renewal Tax Incentives on Employment Establishment Openings and Closures in Urban Neighborhoods written by Richard J. Smith and published by . This book was released on 2014 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some postulate that spatially targeted grants and tax cuts stimulate jobs, establishment openings, and reduce closures in distressed urban neighborhoods. Scholarly literature is mixed and mostly argues that at best these programs have no impact and at worst raise land rents spurring gentrification. The United States designated three rounds of Renewal Communities, Empowerment Zones or Enterprise Communities (RC/EZ/EC) to receive wage credits or grants. While other researchers have estimated the impact of Round I EZ/ECs, this article will contribute by estimating the impact of more recent rounds in Tennessee and California on job and businesses using propensity score matching. Data are presented by RC/EZ for retail, very small, and minority establishments. Jobs increased in target areas compared to control areas during the wage credit period, in particular for businesses with five or fewer employees. In general, establishment closures and openings both fell. Policy recommendations end the article.
Download or read book Tax Incentive Guide for Businesses in the Renewal Communities Empowerment Zones and Enterprise Communities written by and published by . This book was released on 2003 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Departments of Veterans Affairs and Housing and Urban Development and Independent Agencies Appropriations for 2005 written by United States. Congress. House. Committee on Appropriations. Subcommittee on VA, HUD, and Independent Agencies and published by . This book was released on 2004 with total page 1726 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Local Tax Policy on Urban Economic Development written by Roy W. Bahl and published by . This book was released on 1980 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Information Bulletin explores the effects of local tax policy on urban economic development. The paper is practitioner-oriented and addresses the question of how local officials might best think through the advisability of adjusting local taxes to stimulate community job formation.
Download or read book Work Opportunity and Welfare to Work Tax Credits written by and published by . This book was released on 2002 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Solidarity Economy written by Tehila Sasson and published by Princeton University Press. This book was released on 2024-05-28 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of the role of humanitarian NGOs in building the neoliberal order after empire After India gained independence in 1947, Britain reinvented its role in the global economy through nongovernmental aid organizations. Utilizing existing imperial networks and colonial bureaucracy, the nonprofit sector sought an ethical capitalism, one that would equalize relationships between British consumers and Third World producers as the age of empire was ending. The Solidarity Economy examines the role of nonstate actors in the major transformations of the world economy in the postwar era, showing how British NGOs charted a path to neoliberalism in their pursuit of ethical markets. Between the 1950s and 1990s, nonprofits sought to establish an alternative to Keynesianism through their welfare and development programs. Encouraging the fair trade of commodities and goods through microfinance, consumer boycotts, and corporate social responsibility, these programs emphasized decentralization, privatization, and entrepreneurship. Tehila Sasson tells the stories of the activists, economists, politicians, and businessmen who reimagined the marketplace as a workshop for global reform. She reveals how their ideas, though commonly associated with conservative neoliberal policies, were part of a nonprofit-driven endeavor by the liberal left to envision markets as autonomous and humanizing spaces, facilitating ethical relationships beyond the impersonal realm of the state. Drawing on dozens of newly available repositories from nongovernmental, international, national, and business archives, The Solidarity Economy reconstructs the political economy of these markets—from handicrafts and sugar to tea and coffee—shedding critical light on the postimperial origins of neoliberalism.
Download or read book Joint Hearing on H R 3467 Saving Our Children the American Renewal Act of 1996 written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources and published by . This book was released on 1996 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Departments of Transportation Treasury HUD the Judiciary District of Columbia and Independent Agencies Appropriations for 2007 written by United States. Congress. House. Committee on Appropriations Subcommittee on the Departments of Transportation, Treasury, HUD, the Judiciary, District of Columbia, and Independent Agencies Appropriations and published by . This book was released on 2006 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kelly Parkway from US 90 to SH 16 San Antonio Bexar County written by and published by . This book was released on 2004 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Do California s Enterprise Zones Create Jobs written by and published by Public Policy Instit. of CA. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 108 1 United States Senate Republican Policy Committee Policy Papers S Prt 108 36 January 13 2003 written by and published by . This book was released on 2004 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Incentive Guide for Businesses in the Renewal Communities Empowerment Zones and Enterprise Communities written by and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Papers written by U.S. Senate Republican Policy Committee and published by . This book was released on 2003 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Incentives Businesses JOBS A Marketing Primer on How to Entice Businesses to Renewal Communities Empowerment Zones Enterprise Communities written by and published by DIANE Publishing. This book was released on with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Incentives to Assist Distressed Communities written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 2001 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Empowerment Zones and Enterprise Communities written by Frank Parente and published by . This book was released on 1994 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rethinking Property Tax Incentives for Business written by Daphne A. Kenyon and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.
