Cities and States Cutting Taxes to Boost Growth

OPEN's finance expert Mike Periu on cities offering tax incentives and other business perks.
President, Proximo, LLC
October 24, 2012 As major cities across the country feel the squeeze of rising costs and lower tax revenues, some have decided that the best way to improve their financial situation is to cut taxes and offer incentives to businesses in a bid to have them setup shop in their city. Los Angeles offers a tax holiday on the gross receipts tax which can a save a small business thousands of dollars. Albany offers special parking privileges to businesses.  Louisiana offers tradable tax credits to some companies that do business in the state. 

Learn more at American Public Media's Marketplace.

Read more Finance Watch.  

Photo credit: Shutterstock

President, Proximo, LLC