Humphrey blog posts

Dirty money: Cities and states addicted to soliciting for corporate favors

Arthur Rolnick argues that incentives offered to businesses are not effective ways to stimulate local economies.

Arthur Rolnick, a senior fellow at the Humphrey School of Public Affairs at the University of Minnesota and a former senior vice-president of the Federal Reserve Bank of Minneapolis, has been urging states to stop participating in bidding wars for decades. "It's at best a zero-sum game," he said. "The evidence is pretty clear that these incentives don't actually create jobs; they just move them from one part of the country to another."

September 15, 2012

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Hubert H. Humphrey Institute of Public Affairs