Friday, April 11, 2014

Journal & Courier Reports Indiana Chosen for National Business Tax Incentive Study

By the Associated Press in the Fort Wayne Journal & Courier:

Indiana has been tapped as one of seven states to participate in a review of economic development incentives.

The Pew Charitable Trusts will conduct the 18-month review of which tax breaks and other incentives are effective in luring business to a state. Gov. Mike Pence said Wednesday the state’s inclusion in the review will help Indiana become more competitive.

The Indiana Economic Development Corp. includes penalties in its incentive packages if companies don’t produce the number of jobs they promise. The agency also has refused to release job creation numbers to the public.

The other six states included in the study are Louisiana, Maryland, Michigan, Oklahoma, Tennessee, and Virginia.