Rethinking Growth Strategies
How State and Local Taxes and Services Affect Economic Development

Creating jobs and growing the economy are top priorities for state and local officials. Their tools of choice to achieve these goals may, however, be the least effective among those available to them. Too often public officeholders first embrace lowering taxes and creating tax incentives as their chief economic development tools, with public investment usually ranking as a distant third option. An analysis of the relevant research literature, however, finds little grounds to support tax cuts and incentives—especially when they occur at the expense of public investment—as the best means to expand employment and spur growth.

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Ohio’s rate of unemployment declined to 5.9% in February, down from 6.2% a month earlier, but the decline was attributed to a reduction in the size of the state’s workforce and not people finding employment, it was reported Friday by the Ohio Department of Job and Family Services (ODJFS).

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Ohio’s unemployment rate was 5.9 percent in February, down from 6.2 percent in January, according to data released Friday by the Ohio Department of Job and Family Services. The U.S. unemployment rate was 5.6 percent in February, unchanged from January.

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