In the wake of the Great Recession, local policymakers are working harder than ever to differentiate their areas as friendly to small businesses and economic development. As part of these efforts, billions of public dollars are spent every year to attract companies, big and small, through the use of venture capital, tax incentives, public-private partnerships, workforce training, capital improvements, and many other tools. As economic development has become more competitive, policymakers are offering more and more to attract jobs and new opportunities for their constituencies. Though it is clear that these financial incentives are producing results in some areas, there are other environmental factors that policymakers can improve to attract more new businesses.
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To read the original article: The Regional Impact of Quality of Life on Entrepreneurial Decisions - Area Development
