Rip Off or Reasonable? Cities & Corporate Financial Incentives

Businesses are potentially more mobile today than ever before and have a wide range of options on where to locate. Cities and state try hard to attract investment; as in the competition for Amazon’s HQ2, they often promise significant sums in tax rebates, subsidies and services.  On Friday, October 18th, the Initiative on Cities held a discussion on corporate financial incentives in cities and how they affect economic development in urban spaces. University of Texas at Austin Professor Nathan Jensen and BU Political Science Associate Professor and Director of Undergraduate Studies David Glick led the presentation, exploring how cities use tax rebates, subsidies, and other financial incentives to attract corporate investment, and, more importantly, how these relationships adversely affect economic development.

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