Who Benefits from State and Local Economic Development Policies

Business & Money

Timothy J. Bartik

Economics

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Investing in Kids: Early Childhood Programs and Local Economic Development

Early childhood programs, if designed correctly, pay big economic dividends down the road because they increase the skills of their participants. And since many of those participants will remain in the same state or local area as adults, the local economy benefits: more persons with better skills attract business, which provides more and better jobs for the local economy. 
 Bartik measures ratios of local economic development benefits to costs for both early childhood education and business incentives. He shows that early childhood programs and the best-designed business incentives can provide local benefits that significantly exceed costs. Given this, states and municipalities would do well to adopt economic development strategies that balance high-quality business incentives with early childhood programs.

W E Upjohn Inst for

W.E. Upjohn Institute

Bartik shows that investment in high-quality early childhood education has several long-term benefits, including higher adult earnings for program participants.

From Preschool to Prosperity: The Economic Payoff to Early Childhood Education (We Focus)

Education & Teaching

Schools & Teaching

Bartik provides a clear and concise overview of how state and local governments employ economic development incentives in order to lure companies to set up shop - and provide new jobs - in needy local labor markets. He shows that many such incentives offers are wasteful and he provides guidance, based on decades of research, on how to improve these programs.

Making Sense of Incentives: Taming Business Incentives to Promote Prosperity

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Books by Timothy J. Bartik