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dc.contributor.authorBailey, Thomas M.en_US
dc.date.accessioned2014-03-14T21:50:08Z
dc.date.available2014-03-14T21:50:08Z
dc.date.issued1996-08-10en_US
dc.identifier.otheretd-11182008-063259en_US
dc.identifier.urihttp://hdl.handle.net/10919/45849
dc.description.abstractThe primary objective of this thesis is to examine the preferences local-level economic development directors possess for different firm characteristics when deciding whether to offer incentives. The thesis examines the different incentives that exist in Virginia and finds that incentive activity has been steadily increasing since 1990. The historical rates of business activity reveal that more non-manufacturing firms locate and expand in metropolitan areas, but manufacturing firms in non-metropolitan areas hire more people per firm. The results indicate that this is not due to an explicit strategy of Virginia's economic development directors. A comparison is made between community economic development goals and important firm characteristics as perceived by local-level economic development directors. A rank-ordered logit model is then used to measure the willingness to pay for various firm characteristics. The results indicate that economic developers are willing to pay for increases in firm investment, increases in wages per employee, and decreases in the probability of a firm closing or moving. Economic developers in Virginia are not willing to pay directly for increases in firm employment, but firm employment is important in its indirect effect on the willingness to pay for wages. The linkages of a firm with a community (community (measured by sales impact, the employment multiplier, and overall employment impact) were insignificant variables for all economic developers.en_US
dc.format.mediumBTDen_US
dc.publisherVirginia Techen_US
dc.relation.haspartLD5655.V855_1996.B3525.pdfen_US
dc.subjectfirmsen_US
dc.subjecteconomic developmenten_US
dc.subjectincentivesen_US
dc.subjectpreferencesen_US
dc.subjectrank-ordered logiten_US
dc.subjectcommunitiesen_US
dc.subject.lccLD5655.V855 1996.B3525en_US
dc.titleAnalysis of firm desirability among Virginia's economic development directorsen_US
dc.typeThesisen_US
dc.contributor.departmentAgricultural and Applied Economicsen_US
dc.description.degreeMaster of Scienceen_US
thesis.degree.nameMaster of Scienceen_US
thesis.degree.levelmastersen_US
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen_US
thesis.degree.disciplineAgricultural and Applied Economicsen_US
dc.contributor.committeememberKerns, Waldon R.en_US
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-11182008-063259/en_US
dc.contributor.committeecochairAlwang, Jeffrey R.en_US
dc.contributor.committeecochairJohnson, Thomas G.en_US
dc.date.sdate2008-11-18en_US
dc.date.rdate2008-11-18
dc.date.adate2008-11-18en_US


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