Economic development incentives are offered by federal, state, and local governments as well as regional economic development organizations. This page provides information on a variety of incentives and incentive programs. Economic development incentives include tax incentives, financial assistance, such as loan programs, infrastructure development, green incentives, industrial revenue bonds, and fast-track permitting. See the related MRSC webpages notes above for specific statutory authority, organizations that facilitate economic development, and infrastructure incentives.
About Incentive Programs
The following are articles and websites with information about economic development incentives.
- Developing an Economic Development Incentive Policy, GFOA Best Practice, Government Finance Officers Association, 10/17/2008
- Economic Development Accountability Laws, by Steve Lerch, Washington State Institute for Public Policy, 01/2004 - Addresses regulations to assess economic development
- Economic Development Incentives: Research Approaches and Current Views, prepared by Dan Gorin, Federal Reserve Bulletin, vol. 94, October 2008 - Includes ways to assess the effectiveness of economic incentives
- Evaluating Business Development Incentives, prepared by the National Association of State Development Agencies, W.E. Upjohn Institute for Employment Research, and The Urban Center, Cleveland State University for EDA, EDA Project #99-07-13794, 1999 - Older but still useful
- Promises, Promises - Will They Still Love You Tomorrow? by Kathleen McMahon. AICP, Applied Communications, 02/2005 - Incentives as a partnership with the community
- States Smarten Up on Economic Development Incentives, Kenan Fikri, The New Republic blog, 05/07/2012
- 2012 State Economic Development Incentives Survey Report, Council for Community and Economic Development Research, 05/2013
Washington State Incentive Programs
This section includes examples of regional, countywide, and city economic incentives. Economic development councils (EDCs) typically support business expansion and retention and help to attract new businesses to the area.
County Business Development Programs
City Business Development Programs