2 ms·
> This is the rumor at my work about management’s push for RTO. Some amount of tax incentives were provided because the office would drive additional downtown s
by nordsieck 3y ago
> This is the rumor at my work about management’s push for RTO. Some amount of tax incentives were provided because the office would drive additional downtown spending.
I guess I can sort of see that if the company is locked into a lease. But I can't see that playing out in the long term - It's hard for me to believe that the city is ponying up more than the cost of corporate rent in tax incentives.
- 0cf8612b2e1e 3y agoRTO is “free” and does not hit the financials in the same way as having to record the loss of a $X tax break. Additionally, I recall some of the sweetheart deals which were being offered for the new Amazon headquarters. I could believe that officials offer ludicrously good deals that never pencil out for the city. Like sports stadiums.
- Terr_ 3y ago> RTO is “free” and does not hit the financials in the same way To wit, most employers aren't paying for each hour of employee time wasted by commuting, nor fuel/ maintenance costs for vehicles. It might lead to higher employee turnover and difficulty hiring, but that is delayed and indirect.