42 PagesPosted: 28 Sep 2021
See all articles by Darrene Hackler
Darrene Hackler
Smart Incentives
Ellen Harpel
Business Development Advisors
Date Written: August 1, 2021
Abstract
Many economic development organizations (EDOs) have embraced the mission to support entrepreneurial firms in their communities. EDOs engage in their entrepreneurial ecosystems, in part, by providing resources, sometimes in the form of business incentives. The purpose of this report is to provide practitioners and policymakers with insights regarding the use of these incentives and guidance for offering incentives to entrepreneurial firms.
Researchers and policymakers use a wide range of definitions for “entrepreneurial firm” and “incentive,” making it difficult to categorize and describe the current state of entrepreneurial firm incentives. Multiple additional research challenges, including a lack of data on program outcomes, hinder the ability to draw definitive policy guidance from both program evaluations and academic research. This report strives to sort this tangle of material into a framework that is helpful for policymakers and economic development practitioners.
Keywords: firm, entrepreneurial, entrepreneurship, incentive, economic development, policy
Suggested Citation:Suggested Citation
Hackler, Darrene and Harpel, Ellen, Incentives for Entrepreneurial Firms (August 1, 2021). Available at SSRN: https://ssrn.com/abstract=3911556 or http://dx.doi.org/10.2139/ssrn.3911556
Darrene Hackler (Contact Author)
Smart Incentives ( email )
415 S West St Apt no 205
Arlington, VA 76019
United States
Ellen Harpel
Business Development Advisors ( email )
Arlington, VA
United States