[AzzieElbab]

I see your point and agree that from the fairness point of view this is not quite right. However, I do not see fairness as relevant in this context. Unless it is Walmart that is getting tax breaks for building a bunch of stores in NYC, local businesses do not oppose big companies getting incentives to move in.

[jrumbut]

Perhaps they don't but I'm not as focused on the relationship between the company and jurisdiction, I'm talking about the externalities.

Desperate places give away the store to get anything at all, and it depresses what companies are willing to offer the next place while also tilting the playing field toward big companies with the ability to negotiate these kind of deals.