Incentives

We can't seem to live with them or without them. That is what I find as I work with communities, regions, and states across the country. Now it seems that companies are placing even more value on economic development incentives as they locate and relocate facilities nationally and globally.

What is your forecast for incentives over the next five years, as the pace of globalization hastens everywhere? My overall forecast is that incentives will grow in importance, at a time when state and local governments are least able to provide these funds. Eventually, I look for globalization to spark some fundamental changes in tax policies, not only in the US, but worldwide. Watch.