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State, local incentives of nearly $158.5 million sealed Airbus deal
To close a deal with Airbus, the state of Alabama and the city of Mobile had to make huge concessions in forms of tax breaks and infrastructure improvements. Both think the deal will pay large dividends over time. (blog.al.com) Más...Sort type: [Top] [Newest]
The thing most people miss about these incentives is they are usually in the form of tax breaks, they cost the government nothing. They are giving a break on a property tax that they would not have collected if the company wasn't there anyway. However it is usually a net gain for the area, because the business will hire people, people that will pay income tax, property tax, and sales taxes. People that will shop in the community, buy or build houses in the community, and contribute in ways you can't put a price tag on. Definitely a win/win, just wish my state could figure that out.
I really don't understand why people are complaining... This is creating jobs in the area and stimulating the economy.
It is sending money out of the country... This is dumb liberal government. If you are going to give away money, give it to a US Based Company... Not a company that sends it profits over seas.
You think the government of the state of ALABAMA is LIBERAL???
"I'll have what he's having..."
"I'll have what he's having..."
Give me some of that too. Dang Sparkie, Work is Work. If the product is crappy, people won't buy it and if it is good and well priced, they will. Japan showed us that with cars several years back and you pretty much have more foreign mfg assembly plants here than you do domestic, and all of them paying dang good money.
Congrats to the state of Alabama (again). Anytime there is the possibility of a new major manufacturing investment like this, there is a practial bidding war to see who can win the prize. My home state (SC) tried to lure both Mercedes and Honda, but lost to 'Bama. However, we did win BMW, Boeing, and now Bridgestone / Firestone which along with Michelin who has been here for decades will make SC the largest tire producer in the country.
Point is, these incentives have been PROVEN to be a major win/win for all involved, and are not some kind of big corporate giveaway that "some" - as the article mentions - would have you believe.
Point is, these incentives have been PROVEN to be a major win/win for all involved, and are not some kind of big corporate giveaway that "some" - as the article mentions - would have you believe.