Some states and municipalities clearly look at the short-term while others look to the long-term when it comes to generating revenue. It is not about geographic location, since there does not appear to be any regional trends.
The below linked article shows how corporate taxes have risen in Illinois at the same time there have been significant reductions in other states. Illinois is among the states that wants to generate revenue "today" from businesses located there, seemingly with little interest in attracting more companies to relocate or originate there.
Other states, including North Carolina, have reduced corporate taxes to encourage business growth. To compare, NC's decision has created 46 times more jobs than Illinois within the same time frame. More jobs also means more individual taxpayers supporting the state and local economies.
I connect this to real estate developers and investors I talk with that tell me they are "too busy now to worry about a new project". What happens is that once their current "big" project either completes or falls through, THEN they begin to market and look for what's next.
Your best strategy is to include short-term AND long-term plans and goals and act upon them simultaneously. If you are not doing so currently, let's connect. There is no need to lose out on revenue just because your current project has ended.
https://www.illinoispolicy.org/corporate-income-taxes-have-stifled-illinois-pandemic-recovery/
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