4 ms·
I would like to see some numbers in support of their core argument- “incentives do not alter business location decisions as much as is often claimed and are les
by perseusprime11 9y ago
I would like to see some numbers in support of their core argument- “incentives do not alter business location decisions as much as is often claimed and are less important than more fundamental location factors." Bentonville, Arkansas is a great counterexample to this notion. Take a look at their economy over years after Walmart set up their headquarters there.
From wikipedia:
"The Northwest Arkansas economy was historically based upon agriculture and poultry. In recent decades, NWA has seen rapid growth and diversification of its economy based upon the three Fortune 500 companies based there, Walmart, Tyson Foods, and J.B. Hunt, while also seeing a growing University of Arkansas and cultural amenities sector. Although impacted by the Great Recession, NWA's economy fared better than most peer metropolitan areas, the state of Arkansas and the United States overall. Between 2007 and 2013, the region saw unemployment rates significantly below those of peer regions and the national average; while also seeing a 1% net growth of jobs. The NWA gross domestic product grew 7.0% over the aforementioned time period, and bankruptcies, building permits and per capita incomes are returning to pre-Recession rates.[23]
The professional, education and health care sectors of the Northwest Arkansas economy have been growing steadily since 2007. Between 2007 and 2013, the region has seen a growth of 8,300 jobs in the region, with 6,100 added in education and health professions and 4,300 jobs added in the leisure and hospitality jobs related to the region's cultural amenities.[23] "