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Effective place-based policy can be model for future incentives, evidence shows April 15, 2021 “We evaluated the effects of one of a new generation of economic development programs, the California Competes Tax Credit, on local job creation. Our findings show that CCTC awards increased employment among workers residing in both high- and low-income communities and that the local multipliers are larger for nonmanufacturing job creation than for manufacturing,” says study co-author David Neumark, UCI Distinguished Professor of economics. Steve Zylius / UCI Irvine, Calif., April 15, 2021 Finally, an economic development tax incentive program that works – that’s the conclusion of an analysis by researchers at the University of California, Irvine. They found that each job incentivized under the California Competes Tax Credit led to more than two additional people working in that location. The positive results indicate that the program, intended to a

National bureau of economic researchUnited statesOrange countyDavid neumarkMatthew freedmanHoward gillmanShantanu khannaUniversity of californiaSmith richardson foundationStatistical research data centerAmerican communityAssociation of american universitiesJohn arnold foundationCalifornia competes tax creditAmerican community surveyStatistical research data