Do tax incentives pay off for states wooing employers?
Last month President Trump announced a deal with Taiwanese electronics manufacturer Foxconn to bring as many as 13,000 jobs to southeastern Wisconsin in exchange for $3 billion in tax breaks. Now legislative analysts are projecting the state won’t break even on that investment for more than 25 years. These sorts of mega-incentives to lure employers have been on the rise in many states since the recession. But do these deals really pay off for local economies?
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