fbpx The Secret to Job Growth: Think Small | Harvard Kennedy School

HKS Affiliated Authors

Additional Authors:

  • William Kerr

Excerpt

The Secret to Job Growth: Think Small. Edward Glaeser, William Kerr, July 2010, Paper. "With job growth continuing to lag even as the economy picks up, local communities will be tempted to resume "smokestack chasing" - using tax breaks to attract big employers. That's a misguided approach. Research shows that regional economic growth is highly correlated with the presence of many small, entrepreneurial employers - not a few big ones. In fact, a study of U.S. metro regions showed that cities whose number of "firms per worker" was 10% higher than the average in 1977 experienced 9%..." May require purchase or user account. Link