Spotlight: Incentives Draw Firms, But at What Cost?

1 Pages Posted: 17 Aug 2015

See all articles by Michael Weiss

Michael Weiss

Federal Reserve Banks - Federal Reserve Bank of Dallas

Date Written: 2015

Abstract

In the economic development arena, incentives for high-profile corporate relocations signal that a locality is open for business. They draw attention to an area’s commercial and economic opportunities with the goal of expanding its depth and breadth of operations. Texas’ expansive economy has included its share of such relocations, notably Toyota Motor North America’s 4,000-employee 2017 move from Torrance, Calif., to Plano and Exxon Mobil Corp.’s more than 11,000-worker consolidation in 2016 to The Woodlands, north of Houston.

Suggested Citation

Weiss, Michael, Spotlight: Incentives Draw Firms, But at What Cost? (2015). Southwest Economy, Issue Q1, pp. 15-15, 2015, Available at SSRN: https://ssrn.com/abstract=2643978

Michael Weiss (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Dallas

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States

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