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by mikeyouse
1246 days ago
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Almost all of these deals come with asinine property tax abatements gifted by the local jurisdictions to the wealthiest companies on earth. Sure enough - Intel's package there is worth a few hundred million:
https://www.dispatch.com/story/business/2022/09/23/ohio-pois.... It's a game all of these firms play - have locales compete against each other (In some cases literally like the HQ2 debacle from Amazon) to see who can provide the largest package of tax incentives and subsidies and then hope nobody follows up on the absolute fantasy financial / Economic impact projections that were made. |
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