Back when I covered local government this was beyond routine: Jewel wants to build a store to make money off of (and employ a few of) our residents! Let’s give them tax breaks to come here because if we don’t, they’ll build 10 feet down the road in a town that will!
Thus ensuring that any economic development doesn’t benefit the schools or the residents, which is … the entire rationale behind encouraging economic development in the first place.
Critics of Amazon’s “race to the bottom” as it searches for a home for its second headquarters said on Thursday that the company’s newly released shortlist of 20 cities highlights a crisis in the U.S. economy—one exemplified by the huge incentives offered to Amazon in the bidding war among potential hosts.
When politicians talk about incentives for businesses people assume they mean giving Jane and Joe a break on their water bill while they’re opening an ice cream shop, not giving Jeff Bezos a free pass to rebuild their whole city for rich white people.