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A shift to pay for performance pays off for Virginia economic development
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sylver_dragon lemmy.world sylver_dragon@lemmy.world
Joined: 2023-06-07
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When companies win their pitches for state incentives to fund a new plant or expansion in Virginia, they sometimes end up hiring fewer people than they said they would.

But a shift away from making upfront grants — to require that companies show that they have hired and invested before the state releases funds — has made a big difference, according to a Richmond Times-Dispatch analysis of state economic development spending data.

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