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U.S. Cities Battle Each Other for Jobs With $45 Billion in Incentives

9 days on online.wsj.com

Already depleted by foreign competition, towns offer increasingly lucrative tax breaks and other benefits to keep companies local, sometimes squaring off with neighboring...

Losing the Prisoner's Dilemma Game: Economic "Development" Incentives are a Total Waste of Money

9 days on coyoteblog.com

From today's WSJ: The race to woo companies has intensified as state and local governments struggle with a slow economic recovery, sluggish new business formation and job losses resulting from automation. Many older industrial cities see tax...   More >