HICKEY, the global site selection leader, released a new report on the dynamic environment of credits and incentives across the United States. The latest edition, the U.S. Credits & Incentives Update Fall 2020 Report, provides analysis and insights on the critical trends, legislative changes, policy shifts, and proposed regulations around the nation’s state capitals and local communities.
Since early 2020, most states and communities have been forced to shift their approaches to economic development and the deployment of incentives. With an unprecedented pandemic crisis hitting businesses across the nation, many organizations turned their attention to recovery and retention.
In the latest report, Hickey research leaders take an in-depth review of the many programs and policy changes that came as result of the pandemic response. However, the true focus on the report are the thousands of programs and initiatives already on the books that can be leveraged to not only support growth and expansion, but also retention.
Nevertheless, as the nation recovers and looks toward the future, economic development will take on a new mission. The recent trends of transparency, efficacy, and return on taxpayer investment will certainly continue. However, we will see shifts to a vision that is more inclusive, sustainable, and dynamic to meet the bespoke needs of the community.