Economic Development Issues: Credits Where Credits Are Due

The successful renewal of the research and development (R&D) tax credit in the nation’s capital is just one of several economic development issues affecting states that continue to seek a head of steam in Congress, as supporters will try to convince the 110th Congress to make the Economic Development Act of 2005 into law. In the meantime, one state’s experience with incentives demonstrates that not all that glitters is gold.

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About the Author
Since early 2002, Adam Bruns has served as managing editor of Site Selection. Bruns’ work has appeared in such publications as American Libraries, Links, Golf Journal, Louisville, Golfweek and The Lane Report, a regional business publication in central Kentucky. In 2001 he received first prize in magazine business reporting from the Louisville chapter of the Society of Professional Journalists.