Money for Nothing : Industrial Tax Abatements and Economic Development
Although widely utilized, industrial property tax abatements have a dubious record of accomplishments. In addition to failing to deliver promised jobs and investments, tax abatements appear to contribute to urban sprawl, impose substantial cost burdens on older municipalities and have limited positive effects on community economic health, This book uses Michigan's Industrial Facilities Tax abatement program to develop policy recommendations to make the use of these incentives more efficient and equitable.
- Hardback | 168 pages
- 152.4 x 228.6 x 17.78mm | 453.59g
- 23 Feb 2012
- Lexington Books
- Lanham, MD, United States
- 1, black & white illustrations
About Professor Laura A. Reese
Laura A. Reese is professor of political science and director of the Global Urban Studies Program (GUSP) at Michigan State University. Gary Sands is associate professor emeritus in the Department of Urban Studies and Planning at Wayne State University in Detroit, Michigan.
Previous studies have examined either the impact of economic development incentives or the changing manufacturing base of urbanized regions. One of the many contributions this book makes is to unpack the connection between the two: did policy play a role in stemming or hastening manufacturing decline in Michigan? Policy makers will not be happy with their findings, which is all the more reason why Reese and Sands' book should be required reading for public officials with authority over public expenditures and tax abatements. -- Rachel Weber, University of Illinois at Chicago
Table of contents
Acknowledgments Tables Figures Chapter 1 Tax Abatements and Economic Development Chapter 2 Michigan's Industrial Facilities Tax Abatement Program Chapter 3 Tax Abatements and Economic Restructuring Chapter 4 Determinants of Tax Abatement Policy Chapter 5 Tax Abatement Outcomes: Statewide Assessment Chapter 6 Abatements and Metropolitan Health: Detroit and Grand Rapids Chapter 7 Best Practices in Implementing Tax Abatements Chapter 8 Conclusions and Recommendations Bibliography Index About the Authors