Incentive Watch

Sunday, April 10, 2005

Florida's incentives are reviewed in a newspaper investigation by the St. Petersburg Times:
Risky business
An up-and-down history
Audits find oversight flaws
Governor disputes Times' findings
See the posting below for a brief overview.

Missouri's Quality Jobs Act passed the Misouri Senate last week. Read more.

Freescale, the semiconductor spin-off from Motorola will receive an incentive package worth $30 million from Austin. $11 million comes from the City. Fresscale employs about 6,500 in Austin. Read more.

Tulsa will be the site of a major expansion of IBM's service business. IBM could add up to 1,000 jobs by 2009. These jobs will be paying between $40,000 and $95,000. Incentives will be provided through the Oklahoma Quality Jobs Program. The program provides quarterly cash payments of up to 5 percent of new taxable payroll directly to a qualifying company for up to 10 years. IBM potentially could receive $35.2 million if it grows as projected over a 10-year period. (That's $35,200 per job.) Read more.

Indiana's Wayne County is debating the value of incentives. Here's an editorial.

Kansas has touched off an international controversy by providing incentives to a British-owned cellophane plant. Read more.

The mayor New Orleans wants expanded incentives for manufacturing and the video gaming industry. Read more.

Oregon is moving to reform its Strategic Investment Program, which provides tax breaks to large manufacturers. This legislation, originally adopted in 1993, was targeted at chip manufacturing. Read more.

Phoenix, Tempe and Chandler have signed an agreement to establish a "no incentive" zone. Read more.

Wake County and Raleigh, NC are considering large incentive packages for undisclosed projects. Read more.

This article from Cincinnati explores the local political dynamics of offering incentives. Read more.

Airbus may accept the same type of incentives that it recently criticized for Boeing. Read more.

posted by Ed Morrison |

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