A recent article in Business Week talks about State Tax Incentives, and how they actually dont help the national economy very much, because usually states that offer tax incentives for a corporation are pretty much just stealing jobs from another state. If you guys recall, a couple of days ago I posted an article about Michigan building a huge GE plant (which will employ a lot of engineers and scientists) and I asked if you guys thought that this would be a trend in Biotechs, i.e. Jobs moving from expensive states that are traditionally Biotech Hubs (San Francisco, Boston, San Diego) to cheaper states (i.e. Michigan). Well apparently, this article thinks so. Check it out here! [Article]
Wednesday, July 1, 2009
Tax Breaks to the Rescue?
A recent article in Business Week talks about State Tax Incentives, and how they actually dont help the national economy very much, because usually states that offer tax incentives for a corporation are pretty much just stealing jobs from another state. If you guys recall, a couple of days ago I posted an article about Michigan building a huge GE plant (which will employ a lot of engineers and scientists) and I asked if you guys thought that this would be a trend in Biotechs, i.e. Jobs moving from expensive states that are traditionally Biotech Hubs (San Francisco, Boston, San Diego) to cheaper states (i.e. Michigan). Well apparently, this article thinks so. Check it out here! [Article]
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