Featured in Area Development, Tim Cook and Katie Culp, CEO and president, respectively, of KSM Location Advisors, discuss the changing environment of economic development incentives. The recovering U.S. economy, state and local administration changes, and many other factors have impacted states’ positions and philosophies on business incentives and how they should be used. In this article, Tim and Katie highlight why it is important for growing businesses to consider this shifting landscape and how it impacts site selection decisions.
Intro: Incentives No More - Why States are Changing Course on Incentives
The playing field for economic development incentives has been muddied recently due to evolving philosophies on incentives and cash-strapped states not only modifying their approach toward incentives, but using the fine print to reconsider promises made to companies looking to move or grow.
Read the full article in Area Development magazine's Q1 2016 issue.