Incentives for industrial development involve Foreign Trade Zones, industrial revenue bonds, and special tax incentives provided by governments.
Incentives for industrial development can include the creation of Foreign Trade Zones (FTZ), industrial revenue bonds providing low-cost financing, and special tax incentives offered by states or local governments to attract companies. Governments provide incentives like tax credits and subsidies to encourage investments that benefit the common good and may include job creation in their rationale.
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