Does Job Creation Tax Credit Program in Maryland Induce Spatial Employment Growth or Redistribution?

dc.contributor.authorKnaap, Gerrit
dc.contributor.authorSohn, Jungyul
dc.date.accessioned2018-11-20T18:15:40Z
dc.date.available2018-11-20T18:15:40Z
dc.date.issued2002
dc.description.abstractThe Job Creation Tax Credit (JCTC) program is one of the five major Smart Growth Programs initiated by the State of Maryland in 1996 and amended in 1997. Like other tax credit programs it is intended to create jobs, but it is also a place-based policy in the sense that eligibility is limited to jobs created in Priority Funding Areas (PFAs). This paper examines whether the JCTC program has furthered the goals of smart growth by concentrating job growth within well defined regions of the state. Towards this end, both the number and the relative share of employment inside and outside of the PFAs are compared using three econometric models. The empirical analysis examines employment in five economic sectors ((1) primary, (2) manufacturing, (3) transportation, communication and utilities (T.C.U.), (4) finance, insurance and real estate (F.I.R.E.) and (5) services) over the years (1994 to 1998) using ZIP Code data. The result shows that jobs in the T.C.U. and services industries have responded to the state incentive program while three other sectors have not; the distribution of jobs in the primary sector have grown counter to the state incentive policy and jobs in manufacturing and F.I.R.E. have been unaffected by the program.en_US
dc.identifierhttps://doi.org/10.13016/M2J09W81V
dc.identifier.urihttp://hdl.handle.net/1903/21480
dc.language.isoen_USen_US
dc.relation.isAvailableAtDigital Repository at the University of Maryland
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md)
dc.subjectEconomic Developmenten_US
dc.subjectLand Useen_US
dc.subjectMarylanden_US
dc.subjectpriority funding areasen_US
dc.subjectjob creation tax crediten_US
dc.subjectemployment growthen_US
dc.titleDoes Job Creation Tax Credit Program in Maryland Induce Spatial Employment Growth or Redistribution?en_US
dc.typeArticleen_US

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