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Do Economic Development Incentives Work?

By Caleb Taylor How effective are Arkansas’s economic development incentives? Not very, according to ACRE Research Fellow Erica Smith in an op-ed published on May 11 in Arkansas Business entitled “Arkansas’ Ineffective Incentives.” Smith writes about the economic literature on economic development incentive programs such as Arkansas’s Quick Action Closing Fund (QACF) and concludes that […]

Targeted business subsidies fail to improve incomes or poverty rates

By Caleb Taylor A frequently used Arkansas business subsidy program largely fails to increase incomes or lower poverty rates over the long term, according to the latest research from two UCA academics.  ACRE-Affiliated Researcher and UCA Lecturer of Economics Jacob Bundrick and UCA Assistant Professor of Economics Dr. Weici Yuan’s researched the Quick Action Closing […]