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by lewis500
2786 days ago
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The subsidy ratio here is incredible. Alabama has used subsidies to lure automakers and other factories, but our incentives are peanuts compared to this. For example, we are getting a $1.7 billion Toyota-Mazda plant for $350 million in incentives, creating about 4k jobs. The state has a 4-5% income tax and 9-10% sales taxes, so I'd bet that, even if the 4k number is exaggerated, then the state and local govts will earn much of that money back within a few years (provided it doesn't create some pollution disaster). |
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