How state and local governments can protect themselves while trying to lure businesses

Tracey Samuelson Feb 15, 2019
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TIMOTHY A. CLARY/AFP/Getty Images

How state and local governments can protect themselves while trying to lure businesses

Tracey Samuelson Feb 15, 2019
TIMOTHY A. CLARY/AFP/Getty Images
HTML EMBED:
COPY

This week Amazon said it wouldn’t pursue a new headquarters in New York City and GE announced it’s dramatically downsizing its planned move to Boston. GE will now rent office space there, instead of building a 12-story office tower. It will also repay $87 million in incentives it received to make the move. As cities and states find themselves courting major corporate investments, how can they protect taxpayers if those deals don’t pan out as planned?

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