An Assessment of the Effectiveness and Fiscal Impacts of the Use of Development Incentives in the St. Louis Region

"In the last 20 years local governments in the metropolitan St. Louis region have diverted more than $5.8 billion in public tax dollars to subsidize private development through the use of various financial incentives, including tax increment financing, special taxing districts and tax abatements. 

This research documents that the use of these tax incentives has been ineffective both as a way to increase regional sales tax revenue or to produce a significant increase in quality jobs. It also clearly has not helped municipalities avoid fiscal stress or had a general beneficial economic impact on the region."

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The Evergreen Cooperatives of Cleveland, The Capital Institute

"If the Evergreen model can be successfully replicated in america’s disinvested, low-income neighborhoods, where over 40 million people live below the poverty line, its impact will be huge, not just on employment levels and the wealth gap, but on civic life in these communities" (Page 22)

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Regenerating America's Legacy Cities, Lincoln Institute of Land Policy

"This policy focus report explores the challenges of regenerating America’s legacy cities—older industrial cities that have experienced sustained job and population loss over the past few decades. It identifies the powerful obstacles that stand in the way of fundamental change in the dynamics of these cities, and suggests directions by which cities can overcome those obstacles and embark on the path of regeneration."

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Megadeals: The Largest Economic Development Subsidy Packages Ever Awarded by State and Local Governments in the United States

"Over the past three and a half decades, state and local governments have awarded corporations more than $64 billion in giant subsidy packages designed to encourage investment and the creation or retention of jobs... that come at an enormous taxpayer expense."

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