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by lewis500 2786 days ago
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).