by Cathy O'Connor via The Journal Record: September 7, 2016
Across the country, cities are increasingly important drivers of economic performance. As Brookings Institution Vice President Bruce Katz describes, local governments are taking control of their own destinies and becoming deliberate about their economic growth.
These actions vary from state to state, against a backdrop of different laws and tax structures and with a mixture of tools. Under these diverse conditions, generalizing about the effectiveness of any given tool is difficult. One example is tax increment financing, or TIF, which is established by different state laws and used differently in each community.