4 ms·
Yes it does. It's extremely common for businesses to be offered incentives like this. They are usually bounded in a way to ensure it's beneficial to the city. T
by deelowe 8y ago
Yes it does. It's extremely common for businesses to be offered incentives like this. They are usually bounded in a way to ensure it's beneficial to the city. The ones I've seen are requiring a certain number of headcount be maintained over a specific duration, a certain amount in salary be paid out over a specific period of time, and certain infrastructure be installed within a certain period. If these obligations aren't met, then the company is required to pay back the incentives plus penalties.
- josefresco 8y agoExcept this: https://www.chicagotribune.com/business/ct-wisconsin-foxconn-tax-incentives-20170808-story.html https://www.chicagotribune.com/business/ct-wisconsin-foxconn... Maybe an extreme example of a "bad deal" but these aren't always a slam dunk, and some of the math to justify (especially sports stadiums) can be a bit iffy.
- throwaway2048 8y agoeven if that is true (which it isn't) the HQ2 deal had no conditions like that attached.