Tax subsidies for businesses are popular among U.S. states competing for job-creating investment, but research questions whether they are the most efficient way to boost payrolls, according to The Economist. "A study by [AngelouEconomics], a consultancy headed by Angelos Angelou, a former vice-president of economic development for the Greater Austin Chamber of Commerce, in April 2012 found job growth correlated less with the amount of incentives states offer than with rates of entrepreneurship, retention of young professionals and overall business climate," the magazine notes.

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