Column: Economic development studies and tax abatement

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Over the past few weeks, the research center in which I work published three different studies evaluating the role of economic development programs in Indiana. The results of our work held some surprises and some not-so-surprising findings.

The first study evaluated the Indiana Economic Development Corp.’s suite of services. We made a number of small recommendations, suggesting, for example, that group improve some website offerings, but it is clear that the development corporation is offering among the most up-to-date economic development activities. Moreover, the National Governor’s Association recently commissioned a study that strongly recommended that other states adopt the type of public-private partnership in state economic development efforts which is in use here in Indiana.

The state economic development corporation employs roughly 65 people, while several surrounding states had more than 400 workers. So, I would expect a lot more states embracing our model.

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