Survey Finds Support For Economic Development Incentives

8/23/17

A Virginia survey has found strong support for the use of financial incentives to spur economic development.

Eighty percent of respondents to a poll by the L. Douglas Wilder School of Government and Public Affairs at Virginia Commonwealth University said they backed the use of tax credits and other incentives as an economic development strategy.

Many respondents, however, said the details surrounding such incentives make a difference in their support.

While 80 percent said they supported the use of incentives, 72 percent of the respondents in that group would oppose incentives be provided upfront to companies, which ultimately may decide not to bring their business to Virginia.

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