A Center for Regional Economic Competitiveness (CREC) team, including staff and senior fellows, recently concluded a review of state financing and incentive programs for the Maryland Economic Development Commission and the Maryland Department of Commerce. Thanks to guest blogger Catherine Renault for this project summary.
Lessons learned
This sort of review is helpful on a regular basis. Since so many incentive and financing program portfolios are developed piecemeal by legislative initiatives and successive administrations, they rarely represent a strategic, holistic approach to economic development. An outside look can be an asset to clearly understand what your target audience sees across your program portfolio.
