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STATES ACROSS THE COUNTRY enthusiastically wave the banner of business friendliness. But when it comes to handing out financial incentives, most companies miss out.
According to a survey released in September 2002 by PricewaterhouseCoopers, one in four of the small and middle-market companies received help to fund expansion or relocation plans. Those who qualify for tax breaks, low-interest loans and cash grants were also more likely to be manufacturers than service companies, though service businesses represent a faster-growing sector of the economy.
Both trends signal a gulf between expanding businesses and state and local governments. "State and local jurisdictions don't target the middle-market companies to the extent they do bigger companies," says Steve Hamm, managing partner of middle-market advisory services for ...