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Its interesting to note I've worked at two companies who were attempting to lure cities into giving them tax breaks for building larger campuses, or other struc
by at-fates-hands 9y ago
Its interesting to note I've worked at two companies who were attempting to lure cities into giving them tax breaks for building larger campuses, or other structures. Both times since they didn't get their tax breaks, they dumped the projects.
So no, not all cities or municipalities cow tow to large corporations when it comes to handing out tax breaks or incentives.
- pc86 9y agoBecause they only do it when it makes financial sense, political sense, or both. Getting Amazon to move to $CITY could very well bring in billions of dollars in [personal income] tax revenue, jobs, etc. It may or may not make $CITY more in the long run even if they're giving Amazon $5B in total breaks. But even if they make less than they give Amazon, there's still the obvious political implication of being responsible for the 50,000+ jobs that got created in your city.