INTERSTATE COMPETITION FOR BUSINESS: CHANCING ROLES OF FEDERAL AND STATE INITIATIVES

James P. Miller

No 276789, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: A survey of the literature and selective data on Federal and State initiatives to promote enterprise growth and development In the private sector reveals that State programs have expanded dramatically and become increasingly dominant since the mid - sixties. State industrial revenue bonds have surpassed Federal business and industrial loans as the major public source for financing industrial activities. While States have become more active in offering incentives to attract new industry, recent studies generally reveal that the costs of these programs to the State and community usually exceed the benefits, that is, tax incentives, by themselves, do not encourage much industrial investment. Federal and State initiatives to manufacturing, the enterprise most sought after by State and local developers, merely serve to reshuffle a relatively fixed number of plants and jobs from one State or region to another without appreciably expanding the number of plants and jobs nationwide.

Keywords: Agribusiness; Political Economy (search for similar items in EconPapers)
Pages: 32
Date: 1983-12
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/276789/files/ers-report-086.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:276789

DOI: 10.22004/ag.econ.276789

Access Statistics for this paper

More papers in Staff Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().