Connecticut residents have perhaps become accustomed to the daily reminders of the budget crisis that confronts our state and, in turn, its municipalities. Most municipalities in this state, to their credit, have undertaken substantial efforts to reduce expenses or contain their growth. At the same time, almost every municipality has redoubled its efforts to increase revenue. Nowhere has this been more evident than in the area of economic development, where incentive-driven efforts to attract businesses have taken on ever-greater importance. However, many municipalities have realized by now that tax incentives, alone, are almost always insufficient to draw and retain business in their communities.
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