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Thursday, April 13 • 10:00am - 10:50am
Do Tax Incentives Stifle Local Business? LIMITED

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Some 75 percent of state and local economic development dollars--more than $100 billion--go to fewer than 1000 large corporations, such as oil and coal conglomerates, technology and entertainment companies, and big-box retail chains. But the benefits of the current incentive system are unclear at best. Notably, as much as 90 percent of the apparent direct benefits of such incentives are offset by losses suffered by the subsidized companies’ local competitors. More, the system encourages states, cities, suburbs, and towns to compete with one another for the same pot of dollars. This session tests alternatives to this zero-sum philosophy of economic development: favoring locally owned business, as well as data-driven investments in public services such as education.

avatar for Joda Thongnopnua

Joda Thongnopnua

Executive Director, Metro Ideas Project
Joda Thongnopnua is the Executive Director of the Metro Ideas Project, a non-profit policy research startup dedicated to bringing smart solutions to the tough challenges facing local governments. Previously, Joda led communications efforts at Lamp Post Group, a venture capital firm... Read More →

avatar for Lauren Gellatly

Lauren Gellatly

Community Development Director, Lowcountry Local First
Forever optimistic to change the traditional model of economic development and to prevent Charleston from becoming “Anywhere, USA,” Lauren leads advocacy and community development projects, as well as the Good Business Initiative at Lowcountry Local First (LLF). LLF works with... Read More →
avatar for Michael Hendrix

Michael Hendrix

Senior Director, Emerging Issues & Research, U.S. Chamber of Commerce Foundation
As the senior director for emerging issues and research at the U.S. Chamber of Commerce Foundation, Michael Hendrix leads the Foundation’s public policy research and outreach. In addition, Hendrix directs the Foundation’s Cities & States Initiative, which educates community leaders... Read More →
avatar for Ben Teague

Ben Teague

Executive Director, Asheville Area Chamber of Commerce
Over the past 15 years Benjamin has worked to place more than 60 economic development projects and over $1.5 Billion dollars in capital investment in multiple states. Ben has represented economic development organizations and private sector clients on statewide, regional and local... Read More →


Thursday April 13, 2017 10:00am - 10:50am EDT
Room J125 Jefferson School City Center 1st Floor Jefferson School City Center 233 4th St NW, Charlottesville, VA 22903