Pharos-Tribune

Opinion

October 31, 2013

ANOTHER VIEW: Tax breaks lead to jobs ... we think

IEDC should providemore data on jobs

A new study says the Indiana Economic Development Corp. is effective at trolling for jobs and businesses for the state. We are glad to hear that. But we want to know more.

The study by the state’s Center for Business and Economic Research looked at the many services provided by the agency, but didn’t look into a key area that politicians and Hoosiers would like to know — are the number of jobs being promised by companies receiving tax breaks actually being created? We would like the answer to that question be provided to state residents.

According to The Associated Press, the IEDC uses an auditing company to track that, but has not released the figures for how many jobs were filled at companies that received tax incentives. Stating expected jobs created is part of the process companies go through for applying for state tax incentives. So why can’t IEDC find out how well companies are doing at creating those jobs?

To be fair, we know that companies can only give an estimate of the number of jobs expected to be created by an expansion or the addition of new equipment. Sometimes the marketplace makes an unexpected U-turn for a company. But, state legislators and Hoosier taxpayers should be given an annual number for their return on investment. Such an accounting is common practice in even the smallest of businesses that want to find out if their investments are paying off.

If readers wonder why this issue is important to them, consider this: The IEDC granted 107 tax incentive deals in Elkhart County from 2005 through 2013. This period spans the rising, pre-recession economy, the recession years and the current recovery period. Elkhart County has led the nation in job creation, mostly due to the rebound in the recreational vehicle industry. That’s a lot of projects for one Indiana county.

Text Only | Photo Reprints
Opinion
  • WOLFSIE: Giving a word of advice So, what’s the word? Really, what is the word? With over 250,000 words in the English language, you’d think there would be a word for just about everything. Not so. Therefore, I am on a crusade to find a term for some everyday occurrences for which t

    August 1, 2014

  • THEIR VIEW: Stop spinning wheels and fund highways It is important that Congress act quickly to maintain sufficient funding levels in the Highway Trust Fund to pay for necessary highway projects.Indiana receives more than 40 percent of its total state highway and transit funding from the federal gove

    August 1, 2014

  • PETERS: Have a cup of joe to help your eyes? My day starts with coffee. I’m too cheap to buy it by the cup from baristas, so I just brew my own Folgers by the pot. I have a cup or two as I settle into work each morning, and another cup – sometimes two – in the early afternoon. That may not be w

    August 1, 2014

  • WILLIAMS: America still the dream Is America really in as bad as shape like many people say it is? I’m 67 and when I look around, I don’t see it.Everything isn’t great but believe it or not, there has never been a time when everything was great, not even in those innocent Fifties we

    July 31, 2014

  • OUR VIEW: Every town that has any sort of waterway -- whether it be a river or a creek or just a stream -- knows it will be used as a trash can. And oftentimes, tires are a favorite trash to be tossed into the waterways. Many organizations and concerned citize

    July 31, 2014

  • WERNER: The mystery of the Indian grave at Dykeman Last summer I contacted Thelma Conrad, executive director of the Cass County Historical Society, to ask her if she had any information on the Indian grave at Dykeman Park. Thelma had heard of it but had never seen the small marker that tells of the I

    July 31, 2014

  • THEIR VIEW: Data confirms our obsession with sports Of the five highest paid employees of Indiana University, three are involved with athletics. That was the case in 2013 as well.In new evidence that spending on athletic department salaries is outpacing the rest of the university, if not the vast majo

    July 30, 2014

  • RAMPBELL: Keeping the sick at home Something strange happened here this week: Lots of workers who’ve never done so before got the right to call in sick. And that’s a good thing.The Big Apple, you see, is joining a handful of other trailblazing cities such as Washington, San Francisco

    July 30, 2014

  • KITCHELL: Patacsil was no ordinary Joe Somebody forgot to tell Joe Patacsil that if he wanted to wrestle at a Big Ten university with black and gold as its school colors ... well, most people who know anything about college wrestling today might have said he picked the wrong one -- Purdue

    July 30, 2014

  • MARCUS: The higher education funding mess Public higher education financing is unsustainable as currently configured. This conclusion was reached by two important groups over the past two years. The National Association of State Budget Officers and the State Higher Education Executive Office

    July 29, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Should the U.S. impose a travel ban on three West African nations in response to a growing Ebola virus outbreak?

Yes
No
Not sure
     View Results
Featured Ads
AP Video
Renewed Violence Taking Toll on Gaza Residents 2 Americans Detained in North Korea Seek Help US Employers Add 209K Jobs, Rate 6.2 Pct House GOP Optimistic About New Border Bill Gaza Truce Unravels; Israel, Hamas Trade Blame Raw: Tunisia Closes Borders With Libya Four Rescued From Crashed Plane Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.