Competition and economic development efforts in the garden state: perceptions of municipal public officials

Competition and economic development efforts in the garden state: perceptions of municipal public officials

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Article ID: iaor20052428
Country: United States
Volume: 16
Issue: 3
Start Page Number: 377
End Page Number: 393
Publication Date: Jan 2004
Journal: Journal of Public Budgeting, Accounting and Financial Management
Authors:
Keywords: management, economics, government, statistics: empirical
Abstract:

Competition for private investment, it has been argued, is often the fiercest between neighboring cities or cities within the same region. One result of maintaining a competitive edge (stimulating private investment) over other localities, is that local public officials rely on tax and non-tax incentive packages. If this is true, it seems that municipal public officials in New Jersey would perceive this competition and offer incentive packages given their location near major cities like Boston, New York, Philadelphia, and Washington, DC. This article explores the perceptions of local public officials in New Jersey about competition and the impact of tax and non-tax incentives in the context of population, unemployment, income, geographic location, and government structure.

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