Best Practices in Business Attraction, Retention and Growth Incentives for Green Business

A Canadian economic development organization retained IFCL to identify and examine best practices in the use of innovative mechanisms for business attraction, retention, and growth, with a focus on sustainable or green growth as a best practice principle. IFCL identified a selection of jurisdictions for the analysis of tax incentives, practices, and other fiscal mechanisms, to identify trends and best practices. Based on this jurisdictional review, IFCL developed a list of Best Practices used by agencies around the world in attracting ‘green’ investment. The review is a critical component of the organization's strategic review and will be used to inform its future direction.