Here’s the thing: the most troubling evidence that our tax abatement policies are falling short is that while the poverty rate and the child poverty rates in the U.S. went down last year, they went up in Memphis. In the ranking of most distressed cities by the Economic Innovation Group, Memphis moved from #9 last year to #6 this year…In other words, any evaluation of our tax incentives should include these kinds of metrics. Otherwise, we are merely taking our eye off the ball.
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By: Staff, Smart City Memphis
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