Monday, December 3, 2012

Corporations get billions from cities and states but they often don't keep their end of the bargain

Corporations get billions from cities and states but they often don't keep their end of the bargain
"It was the story of the weekend. A searing three-part investigative report by Louise Story atThe New York Times describing in detail the gigantic rip-off that corporations across America extract from state, county and municipal governments when they start shopping for a place to land, expand or just stick around. "Rip-off," is not a word that Story or her editors chose, but that's the reality behind her exposé of all those tax breaks, land deals, infrastructure upgrades and assorted other arrangements desperate governments offer to lure companies to their turf or keep them in town. The first two parts are here and here. Part 3 comes Tuesday."