Unc Jason Jolley
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UNC Economic Incentives Analysis January 22, 2008 UNC Center for Competitive Economies (C3E) Brent Lane, Center Director Jason Jolley, Research Director
1
Economic Incentives Programs for UNC Analysis
2
Economic Incentives for UNC Analysis William S. Lee
Creating Jobs Machinery and Equipment Research & Development Worker Training Central Office/Aircraft Facilities
JDIG One NC Fund Company specific incentives 3
Performance Measures for UNC Analysis
4
Performance Measures Return on Incentive (ROI)
Job creation
Distressed areas benefit
Quality of employment
Economic competitiveness 5
Job Creation
Initial net employment
Long term net employment
Recruitment vs. expansion
6
Distressed Areas
Location and number of jobs
Significant share of total employment
Displaced worker reemployment
7
Quality of Employment
Upward employment
Wage standard elevation
Household income
8
Economic Competitiveness
Headquarters vs. branch plants
Economic diversification/insulation
Higher value added
Global export activity 9
Deliverables “A better understanding of how and how well incentives are working in north carolina”
What is NC spending, and expecting to spend, on incentives What are NC’s goals for this spending How are those goals being best met What changes would increase performance Tax reduction alternatives to incentives strategies
The Carolina Center for Competitive Economies (C3E)
Kenan Institute for Private Enterprise
1
Economic Incentives Programs for UNC Analysis
2
Economic Incentives for UNC Analysis William S. Lee
Creating Jobs Machinery and Equipment Research & Development Worker Training Central Office/Aircraft Facilities
JDIG One NC Fund Company specific incentives 3
Performance Measures for UNC Analysis
4
Performance Measures Return on Incentive (ROI)
Job creation
Distressed areas benefit
Quality of employment
Economic competitiveness 5
Job Creation
Initial net employment
Long term net employment
Recruitment vs. expansion
6
Distressed Areas
Location and number of jobs
Significant share of total employment
Displaced worker reemployment
7
Quality of Employment
Upward employment
Wage standard elevation
Household income
8
Economic Competitiveness
Headquarters vs. branch plants
Economic diversification/insulation
Higher value added
Global export activity 9
Deliverables “A better understanding of how and how well incentives are working in north carolina”
What is NC spending, and expecting to spend, on incentives What are NC’s goals for this spending How are those goals being best met What changes would increase performance Tax reduction alternatives to incentives strategies
The Carolina Center for Competitive Economies (C3E)
Kenan Institute for Private Enterprise
