Sunday, November 25, 2018

Is the economic payoff worth the huge subsidies used to lure companies to a city/state?

Data centers for Apple, Amazon, Facebook, Google and others have secured huge tax breaks but created few jobs.

Article Title: US cities and states give big tech $9.3bn in subsidies in five years


Article Snip: "...States and cities argue the tax breaks are necessary to attract the high-paying jobs that technology companies provide. But the list of the biggest giveaways so far shows that the handouts rarely result in significant job creation – and the jobs that are created come with a high price tag..."


Article Source: www.theguardian.com
Governmental Accounting Standards Board Statement 77 (GASB 77), subsidy tracker at www.goodjobsfirst.org,
Good Jobs First shows that the size of individual handouts appears to be growing.

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