Good Policy Demands Better Measurement: Philadelphia’s Economic Development Program

Publication Date: March 27, 2000

Summary

The FY00 Good Policy Demands Better Measurement report evaluates the effectiveness of Philadelphia’s Economic Stimulus Program, which was designed to combat job loss and support business growth. The report finds that while billions of public dollars have been allocated to economic development, the program lacks clear performance benchmarks to measure success. Without predefined performance standards and accountability mechanisms, it is difficult to determine whether the program has achieved its intended economic benefits. Recommendations include implementing strategic planning, standardizing performance measurement tools, and ensuring businesses meet job creation and wage expectations in exchange for tax incentives.