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]

As Auto-makers Collapse in Michigan, High Tech Rises...

Michigan, whose state economy has been crippled by the outflow of jobs as a result of the auto industry collapse, may see a ray of light. GE has announced that they will be building a high-tech engineering/scientific plant in Van Buren Township, Michigan. Michigan is probably giving them huge tax incentives to build a plant there, and its probably going to be a good PR strategy for GE. My question is...could this be a trend for Biotechs? Will more Biotechs move from expensive states like California and Massachusetts for states like Michigan? Is this the beginning of a trend for Biotechs to move to cash strapped Midwestern states?
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