The City of Lawrence, KS, offers a good example – and sets a high standard – for economic development incentive reporting in its 2015 Annual Report: Economic Development Support & Compliance. This post is part of an occasional series examining state and local reports assessing economic development incentive programs.
Compliance in context
In the Smart Incentives 4x4 framework, we emphasize data, analysis, transparency and accountability throughout the incentives process and distinguish between compliance and evaluation in the reporting phases. Compliance emphasizes monitoring whether incentivized companies have fulfilled the terms of their performance agreements and met their commitments to your community.
