ED Now

The Urban-Brookings Tax Policy Center cohosted a webinar with the University of North Carolina Tax Center titled What Are the Effects of the Biden Administration’s Corporate Tax Proposals? Jared Bernstein, a member of the U.S. Council of Economic Affairs, kicked off the webinar by detailing how the response to the current crisis has been “uniquely strong”. He identified some of the labor market’s constraints and barriers that exist between supply and demand, such as the coronavirus, vaccination rates, affordable childcare, and enhanced unemployment insurance. Shifting the discussion to tax policy, Bernstein believes in a few motivating operations to prioritize. First, we must “relink” pre-tax growth ...

From June 7 to June 8, IEDC held the Economic Future Forum, a virtual conference hosted this year in Spokane, Wash. One session, titled No Incentives: No Problem, explored business attraction strategies that do not use incentives such as tax credits or free office space. The session explored an alternative strategy where EDOs invest in communities to make them more appealing to businesses. This method transforms the economic developer’s role to a more consultative one and combines business attraction with community development. Hosting and speaking at the event were Alan Tio, CEO of the Kosciusko (Ind.) Economic Development Corporation, Steve Morey, senior vice president of the Tampa Bay (Fla.) Economic Development Council, and ...