The Changing Landscape of Economic Development Incentives

The Changing Landscape of Economic Development Incentives

The COVID-19 pandemic has revolutionized workplaces and the nature of work, leading local and state governments to reconsider tax incentives tied to job creation. The focus should shift towards adapting economic development incentives to the new reality of flexible work arrangements, emphasizing the benefits of in-person collaboration while considering employee well-being. This may involve fostering public amenities and transforming traditional office spaces to create human-friendly environments. Governments need to adopt innovative approaches to drive economic growth in the post-pandemic era.