This state spends at least
$~ per year on incentive programs,
according to the most recent data available. That is roughly:
$~
per capita
~¢
per dollar of state budget
Note
Michigan has ended most tax credit programs, but existing credits can be used for years to come. Michigan has also lowered its business tax rate, saving many companies more on their tax bills.
Note
The state issues few incentives to businesses but does not charge a business tax.
- Grants to Companies
- State Programs
| Sort | Amount | Program | No. of awards | Type | Industry | Year |
|---|
| Sort | Amount | Company | No. of grants | Types | Town, city or county | Years |
|---|
The New York Times spent 10 months investigating business incentives awarded by
hundreds of cities, counties and states. Since there is no nationwide accounting
of these incentives, The Times put together a database and found that
local governments give up:
$80.3 billion
in incentives each year
1,874
No. of programs
State Money Flow
Choose a state on the map to see which companies receive the most money and which incentives programs are the most lucrative.
The state that gives out the most incentives is Texas.
Start exploring with Texas »
The Times found ~
programs in
~ states,
for a total of ~.
| Sort | Amount | State | No. of awards | Type | Industry | Year |
|---|
There are at least ~
programs in
~ states,
for a total of ~.
| Sort | Amount | State | No. of awards | Type | Industry | Year |
|---|
Included are programs that specified a particular industry as the recipient. Many programs did not.
The New York Times used a variety of sources to assemble an extensive database
of local spending on business incentives. It found that local and state
governments give up more than $80 billion a year to companies.
The Times included incentives of many types: cash grants, corporate income tax
credits, sales tax exemptions or refunds, property tax abatements, low-cost loans
or loan guarantees and free services like worker training. The database does not
reflect the savings businesses receive in states with minimal or no corporate
income tax or sales tax.
The $80 billion figure is based on more than 100 records requests to state
agencies nationwide and on an examination of numerous government reports.
The Times identified 1,950 incentives programs and compiled figures on benefits
used by businesses in the most recent year available.
Since many state programs The Times examined did not identify the names of
specific beneficiaries, examples of companies were obtained from several sources,
including
Investment Consulting Associates and
Good Jobs First's Subsidy Tracker Database,
a non-profit policy center that focuses on economic development. (For some of those examples, the
dollar figures reflect the initial award; it is not known whether the entire
benefit will be used.)
Explore the Data
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Explore the Data
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