C2ER recently completed its annual update of the State Business Incentives Database. As part of the database review process, C2ER researched every U.S. state and territory to ascertain information on what programs have been created, repealed or altered during each state’s most recent legislative sessions. Based on this research, combined with extensive outreach to representatives in every state and territory, the Database now reflects the present status of the more than 1,900 state business incentives in operation around the country.
The State of State Business Incentives 2015 report summarizes the findings from this review. Most striking is the overall growth in the number of state business incentive programs. Since the new millennium, the overall number of state incentive programs targeted to businesses has more than doubled, from less than one thousand in 1999 to nearly two thousand today. The report takes a closer look at the different types and purposes of business incentive programs administered by states and how state incentive portfolios have changed over the past few years in response to recent economic trends, with notable examples of recent state incentive activity.
Congress and the Administration have reached a budget deal for FY2016 (and FY2017) that will increase the overall spending limit for non-defense discretionary programs by $25 billion for the fiscal year that started October 1st. The House and Senate Appropriations Committees must now revise the 12 annual funding bills, and Congress must enact them, before the temporary spending bill (Continuing Resolution) expires on December 11th.
This is an opportunity for members to advocate to the House and Senate subcommittees in charge of funding for the Census Bureau, Bureau of Labor Statistics, and Bureau of Economic Analysis. The new budget framework provides additional resources for the appropriate committees in charge of these vital data programs (Commerce, State, Justice or equivalent in the House/Senate and Housing Education Labor Pensions or equivalent in the House/Senate). The Census Project is currently circulating a letter advocating for full ACS funding. Now would be a good time for your Senator or Congressman to hear about the importance of Census, BLS, and BEA funding.
C2ER released the Cost of Living Index (COLI) third quarter report for 2015 in late October. Among the 265 urban areas that participated in the 2015 third quarter Cost of Living Index, the after-tax cost for a professional/managerial standard of living ranged from more than twice the national average in New York (Manhattan), NY to almost 20 percent below the national average in McAllen, TX.