*Names in bold indicate Presenter
Our study contributes to the literature by being the first to our knowledge to establish a link between place-based employment tax credits and local labor market outcomes. The analysis uses cross-sectional tax return data filed by non-consolidated firms from the Internal Revenue Service’s Statistics of Income for tax years 1999 through 2009. Non-consolidated firms are firms that do not consist of a parent company and multiple subsidiaries such as a Walmart or Costco. Compared to consolidated firms, non-consolidated firms are typically smaller in terms of assets, receipts, and wages and salaries paid to employees. For each firm, we mergeW-2 data to each corporate tax return to obtain a count of employees. Results from this analysis will provide policymakers with explicit evidence on the efficacy of the employment tax credit and implications for the potential outcomes of other place-based policies.