Trends in Western State Business Incentives
States have been faced with high levels of unemployment, an increased demand for safety net services and a shrinking revenue base since the Great Recession began. Although the past year has brought some improvements, the number one question on state policymakers’ minds continues to be this: What can we do to encourage job growth? Traditionally, a key policy lever for development and job creation strategies was—and remains—tax and financial incentive programs designed to encourage new firms to start up or existing firms to grow or relocate.
The descriptive information included in each state profile was gathered from a review of state economic development agency and division websites and a survey of agency staff.