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For the week of March 2, 2015
COMMENTARY – by Michael J. Hicks, Ph.D.
In the coming months we must better understand the characteristics of good and bad TIFs using data, not just anecdote.
The research center where I work recently released a study on the effects of Tax Increment Financing in Indiana counties. That study reported findings that echoed many earlier studies of TIF use in other places. While it is clear that the area inside a TIF district grows, we found that the area outside a TIF district tends to have higher property tax rates, reduced business investment and lower levels of employment.
Read the full text: We Need to Study, Modify and Preserve TIF
Last week's commentary: The Strange Politics of Net Metering
You're invited to a panel discussion on the work of famous economic theorist Adam Smith. This event is free and open to the public, but reservations are required.
Wednesday, March 11, 2015
Reserve your seat now. This discussion is presented by Liberty Fund, Inc. and Ball State University.
Ever wonder about how a new business could affect the local economy? Or how a big move will change the amount of money in your wallet? These questions can be answered through the calculators found on cberdata.org!
DID YOU KNOW? – by Dagney Faulk, PhD
Data on January 2015 U.S. housing starts were recently released and show a year-over-year increase of 18.73 percent in new privately-owned housing units. This an increase of over a million new units. Most of the growth was in single family structures (+16.3 percent) and large multifamily structures with 5 or more units (+24.5 percent). Starts of large multifamily units have surpassed prerecession levels, while single family starts are still low (see graphs below).
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
MONDAY: U.S. Personal Income, Quarterly
FRIDAY: U.S. Unemployment Rate, Monthly
|Center for Business and Economic Research
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