Posts Tagged ‘Harbor Point’
Get Paid to Relocate
December 31st, 2009 | 
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Local governments are using every lure they can to attract businesses to their areas and corporations are taking full advantage of it. This article from The Wall Street Journal cites the example of Starwood Hotels & Resorts’ plans to move their headquarters from White Plains, NY to Stamford, CT. Starwood doesn’t have any reason to go through the pains of relocating, so the incentives they are getting from the State of Connecticut must be pretty sweet to get them to move. But is it a good idea for local governments to be spending tax revenue on creating incentives to attract major businesses? Sure, having a new major employer in town will bolster the local economy, but at what point is the city or state going overboard with incentives?
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