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How Far Should Communities Go To Subsidize Companies?

In an era in which companies enjoy unprecedented mobility to invest where they choose, one of the toughest issues for governments at the federal, state, and local level is deciding what to do to attract and retain those investments. Governments should want to compete for investments that bring jobs, spin-off businesses, and tax revenue. And corporations – often with many suitors — can and do demand tax breaks, cheap energy, help with training programs, improvements in road and air access and other favorable legislation, and regulations that only governments can supply.

by Edward Alden

Full Story: http://blogs.cfr.org/renewing-america/2012/09/25/corporations-and-communities-what-do-they-owe-each-other/

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