Write a 18 page essay on Making Sense of State Incentives for Small Firms.Download file to see previous pages In particular, he contends that most local governments tend to offer business incentives a

Write a 18 page essay on Making Sense of State Incentives for Small Firms.

In particular, he contends that most local governments tend to offer business incentives as sweeteners for attracting startups. In his view, some of the common ways of doing giving such incentives are through tax credits, payments for site construction and offering of bonuses for the creation of jobs. The incentives may favor enterprises that wish to relocate from one region to another or looking to expand their business operations.

According to Tuffile, most states have various business incentive programs that tend to be beneficial for businesses. These programs range from an offering of training for employees by the state, provision of tax incentives, as well as the issuance of low-interest loans that can be of significant benefit for startups or for enterprises that are looking to diversify but are economically constrained. Every state in the country has at least one of such incentives. Tuffile considers accelerators and incubators as some of the important forms of incentives that the government has been offering for some time, which has gradually been of importance to small enterprises.

As an advice for investors, Tuffile suggests that rather than merely establishing a business at a certain location because of personal reasons, investors should always seek to locate areas that offer the most business sense. For instance, he argues that taking the U.S as an apt example. recently, there has been a gradual surge in the investment in the Silicon Valley area in California. This has majorly been as a result of the local government willingness to chip in and take the risks to fund businesses. As for the local governments, Tuffile offers that each state should seek to explore a certain opportunity and offer incentives accordingly in order to avoid inter-state competition.&nbsp.