Loading...
The Effective Use of Economic Development Incentives in the City of Lee's Summit, MO
Elam, Ryan A.
Elam, Ryan A.
Citations
Altmetric:
Abstract
The City of Lee's Summit has been utilizing economic development incentives for many
years, and recently there has been an increase in projects seeking incentives. Many
individuals feel incentives are an unnecessary use of potential public funds for private
gain, while others believe their use is essential to attract and retain business in the area.
Interviews were conducted with key city officials to identify overall themes present when
evaluating incentive projects. The primary theme identified was clearly defining the
public benefit a project will provide, and how an incentive is necessary to achieve the
desired outcome.
This report discusses the process used by the City of Lee’s Summit when evaluating
incentive projects. An overview of the various incentive tools used, a summary of the
themes identified from the key interviews, and a brief review of past projects are
included. A suggested tool for evaluating, monitoring, and reporting on individual
projects is proposed.
Description
Date
2019-05-17