Sunday, January 17, 2010

Report on PA Tax Incentives

Catching up on last week's WSJ. Kris Maher's "Pennsylvania tax incentives questioned," on 1/13 discusses a report funded by the Heinz Endowments, produced by Good Jobs First, on the effectiveness of Pennsylvania's tax incentives for business.

The study concludes that the job losses show the tax incentives aren't enough to offset other factors like globalization.

Other points in the article:
*more jobs are lost to other countries than to other states
*companies look for quality of labor force, prevailing wage rates, ease of transporting goods

The study is available online. One primary conclusion is that states should try to grow their own high tech jobs rather than draw in existing companies.

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