Paul L. Caron

Wednesday, January 13, 2010

Study: Tax Breaks Don't Work to Lure High Tech Business

Penn Goods Job First has relased a 106-page report, Growing Pennsylvania's High-Tech Economy: Choosing Effective Investments:

[T]he study explores fundamental questions about Pennsylvania’s economic development incentives, programs, and taxes—its high-tech “business climate,” if you will. They include:

  • From the bottom-line perspective of a high-tech corporate balance sheet, how do the state’s taxes—and its tax breaks—stack up?
  • Where do most high-tech jobs come from?
  • Of those high-tech jobs that leave the state, where do most go? Are many lost to other states, as some news accounts would suggest? Or is offshore job flight a bigger problem?
  • What lessons can be learned from the seven states’ experiences with some of their most costly company-specific incentive deals?
  • Are there alternative strategies to “putting a lot of eggs in a few corporate baskets,” and what comparative advantages does Pennsylvania have in pursuing such strategies?

Press and blogosphere coverage:

Tax, Think Tank Reports | Permalink

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» Tax incentives to bring in high-tech jobs don't work from Roth & Company, P.C.
That's the conclusion of Good Jobs First, a left-side public policy group. The study, co-authored by University of Iowa professor... [Read More]

Tracked on Jan 14, 2010 9:09:03 AM