Business attraction efforts that heavily utilize incentives can create unnecessary competition between neighboring local governments. This can cause businesses to become loyal to a community for only as long as the incentives last. Businesses that are attracted to communities through incentives are rarely held accountable for the economic outcomes that were initially expected by the local government.
America is starting to address its longstanding Science, Technology, Engineering and Math deficiency through the sheer power of private sector entrepreneurship.
This report presents Michigan local government leaders’ opinions regarding the community and economic development strategy known as placemaking