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Economic development incentives

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What incentives, if any, are afforded economic development investors, in city or county government. Why are incentives commonly used for development?
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https://brainmass.com/business/business-management/economic-development-incentives-184571
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The major incentives that are afforded to economic development investors include tax benefits, such as complete or partial tax exemption, tax credits, etc. Incentives are also offered in areas such as access to grants/ funding at lower interest rates, training of labor, etc.

Other set of incentives include several types of relocation benefits, such as fast …

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