Findings and Recommendations from Study of
Tax Incentive Use in St. Louis City

The City of St. Louis, like most major US cities, utilizes a variety of tax incentives for economic development, including tax increment financing (TIF), tax abatements and bond financing.  Often these incentives are combined with state and federal incentives, such as the state historic tax credit and the federal New Markets Tax Credit.

St. Louis Development Corporation (SLDC) contracted with Public Financial Management (PFM), to conduct a study of tax incentive use in the City of St. Louis. For this study, PFM subcontracted with the  Public Policy Research Center  (PPRC) and St. Louis Universityy. PPRC collected and analyzed all the city data on tax incentive use from 2000-2014. Additionally, the project team conducted numerous interviews with experts on city planning and development, as well as obtained, cleaned and analyzed historic data related to incentive use and outcomes associated with specific projects as well as neighborhoods and the City as a whole.

The full report can be viewed or downloaded here.
Below are highlights of the findings, as well as some recommendations formulated by PPRC.



City of St. Louis Economic Development Incentive Report
Main Take-Aways

Inventory of Incentives

map    table

Patterns of Incentive Approval

Policy Recommendations

PPRC has developed several recommendations, based on its analysis of the data and the impact on the City of St. Louis. These include: