NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Impact of State-Level R&D Tax Credits on the Quantity and Quality of Entrepreneurship

Catherine Fazio, Jorge Guzman, Scott Stern

NBER Working Paper No. 26099
Issued in July 2019

---- Acknowledgments ----

We thank Evan Absher, Brian Asquith, Tim Bartik, George Erickcek, Lee Flemming, Evan Mast, and Peter Orazem, for helpful comments, as well as participants in the UpJohn Institute Conference on the Effects of State and Local Tax Incentives on Business Location Decisions, and the Kauffman Uncommon Methods and Metrics meetings. Yu-Ting Cheng and Yupeng Liu did excellent research assistantship in this project. We also acknowledge and thank the Kauffman Foundation for their support of our research agenda, including the Uncommon Methods and Metrics grant that supported this project, and we also thank the Jean Hammond (1986) and Michael Krasner (1974) Entrepreneurship Fund and the Edward B. Roberts (1957) Entrepreneurship Fund at MIT for their support. All errors and omissions are of course our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Scott Stern ----

Scott Stern periodically receives compensation for speaking about or consulting about innovation policy and the Startup Cartography Project, typically at events organized by government agencies or other institutions involved in the policy process. He also receives compensation from the MIT Regional Entrepreneurship Acceleration Program, which features this project.

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