Are state and local economic incentives to attract new firms
worthwhile? Mitsubishi Motors in Illinois provides in-depth
analysis of the incentives offered to land Diamond-Star Motors, the
plant's labor force, supplier organization, and its community
impact to answer this question. The authors conclude with a
benefit-cost analysis of the incentive package at the community and
at the state level. Written in nontechnical language, the book is
intended for planners and administrators in state and local
government, economic and business development officers, and
international corporate management, as well as economists and
public policy analysts.
Although much research has been compiled separately on the
various issues surrounding the establishment of Japanese auto
manufacturing plants in the United States, this work is unique for
its direct surveys of workers, suppliers, members of the community,
and city and state leaders involved in the negotiations. Data on
the local housing impact are drawn from detailed examination of
loan applications in the community during the major hiring period
at the plant. While some results confirm previous work, the authors
find many differences, particularly in the composition of the labor
force and the effect of just-in-time production methods on supplier
location. The book provides a comprehensive view of the community
and regional impact of a Japanese auto manufacturing plant which
can be used as a model for planning economic development strategies
to attract new firms to states and communities. Written in
nontechnical language, the book is intended for planners and
administrators in state and local government, economic and business
development officers, and international corporate management, as
well as economists and public policy analysts.
General
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