Professor finds megadeal tax subsidies spur local innovation
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֦Ƶ associate professor of accountancy, , co-authored a study appearing on that found that “megadeal” tax subsidies can spur innovation among nearby businesses. Examining 115 deals, researchers found high-tech investments increased local patenting through knowledge spillovers and worker mobility. Lee said the result surprised the team, which expected large, subsidized firms to crowd out innovation.
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