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The Water Cooler
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Georgia lawmakers yank tax break for Delta after airline cuts ties with NRA
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<blockquote data-quote="dennishoddy" data-source="post: 3089118" data-attributes="member: 5412"><p>I personally think tax incentives to companies to relocate should not be allowed.</p><p>Yeah, I know they weigh the overall initial break vs long term sales/tax revenues, but it doesn't always work out that way.</p><p>My home town courted Huffy Bicycle years ago with a huge tax break, built them a 10 acre manufacturing facility that was state of the art to their specs giving them tax and utility incentives.</p><p>They moved in, made one hell of a contribution at barely above minimum wage. Gave away a hundred bicycles or so a year to local charities with huge fanfare, and when the time ran out on the incentives, they shut the doors and moved out within a few months. (the current rules for shutting down large facilities was not in effect at that time.)</p><p>After the facility sat unused for many years, it was basically given to a grocery distribution company just to get someone in there.</p><p>I'm sure there are huge success stories, but there are also failures.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3089118, member: 5412"] I personally think tax incentives to companies to relocate should not be allowed. Yeah, I know they weigh the overall initial break vs long term sales/tax revenues, but it doesn't always work out that way. My home town courted Huffy Bicycle years ago with a huge tax break, built them a 10 acre manufacturing facility that was state of the art to their specs giving them tax and utility incentives. They moved in, made one hell of a contribution at barely above minimum wage. Gave away a hundred bicycles or so a year to local charities with huge fanfare, and when the time ran out on the incentives, they shut the doors and moved out within a few months. (the current rules for shutting down large facilities was not in effect at that time.) After the facility sat unused for many years, it was basically given to a grocery distribution company just to get someone in there. I'm sure there are huge success stories, but there are also failures. [/QUOTE]
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Georgia lawmakers yank tax break for Delta after airline cuts ties with NRA
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