“Economic development subsidies: What the record at home and abroad tells us about spending public dollars to grow private business.”
A lot of people think they understand what works and what doesn’t in the field of economic incentives. Professor Kenneth Thomas of the University of Missouri at St. Louis is one of those rare individuals to have actually conducted the hard research – both in the U.S. and internationally – to back up his conclusions.
This is a description of his most recent book, Investment Incentives and the Global Competition for Capital :
“The battle of national, state, and local governments to attract investment has been a high priority for decades. For example, US state and local governments give almost $50 billion in location incentives and over $70 billion in total subsidies annually. Developing countries often pay even more for investments despite the fact they are less able to afford to do so. Using case studies from around the world, and at all levels of government, Thomas shows that investment incentives are rarely a good policy, especially for countries lacking education and an infrastructure. Finally, he analyzes the myriad methods of controlling incentives with an emphasis on the EU’s comprehensive and largely successful state aid rules, illustrated by an extended case study of Ireland.”
Thomas also blogs for Talking Points Memo.
Don’t miss this chance to hear from a recognized national expert on this most vexing and controversial subject. The event is co-sponsored by the North Carolina Budget and Tax Center.
When: Wednesday, August 31 – Box lunches will be available at 11:30 a.m. and the program will start at noon.
Where: (***NOTE the new location***) Center for Community Leadership Training Room at the Junior League of Raleigh Building, 711 Hillsborough St. at the corner of Hillsborough and St. Mary’s Streets).
Cost: $10 – includes a box lunch.
Space is limited – pre-registration required.
Questions?? Contact Rob Schofield at 919-861-2065 or [email protected].