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I've read in the past of how such deals (of factory/office X choosing to open location Y based on tax incentives) ultimately not benefiting the city involved, e
by Geekette 9y ago
I've read in the past of how such deals (of factory/office X choosing to open location Y based on tax incentives) ultimately not benefiting the city involved, especially when the companies pull tactics like closing unexpectedly shortly after receiving incentives and moving elsewhere. Given this, I'm fairly sure that a wide-ranging study of such infrastructural deals would show that many (most?) communities involved are left at a net loss financially.
- lend000 9y agoI believe you're thinking of taxpayer funded sporting events, e.g. NFL stadiums and Olympic games. There's a big difference between that and a legitimate business.
- Geekette 9y agoNope, I was actually thinking of businesses e.g. automotive brands opening assembly/manufacturing plants.
- deleted 9y ago[deleted]
- Animats 9y agoMost such deals are a net loss for the community. Some of the bad ones have been for data centers, which employ very few people. Neither do manufacturing plants, which just don't need that many people.