While it is relatively easy to construct industrial development
strategies and concessions to entice industrial clients, some
incentives are not based on sound economic principles and may
ultimately cost a local government more than the benefits derived
from attracting the industry. Financing Economic Development in the
1980s provides a broad base of information on business trends,
factors underlying location decisions, cost-effectiveness of public
incentives, and the outlook for local government in declining
areas, particularly the Midwest.
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