So? Couldn't one say that about any large company? Should states be constantly cutting taxes for these large companies, and shoving them onto the people who live there now?
Re:GE will move headquarters to Boston
by cableshaft on Thursday January 14, 2016 @11:15AM
(#10902244)
It's not too uncommon that cities or states have tax incentives to encourage certain industries to set up shop in the area. Like Atlanta offers a significant tax credit for film, television, and digital entertainment (video games) companies, for example: http://www.georgia.org/competitive-advantages/tax-credits/fi...
It seems like a lot, but this is the corporate HQ. The staffers will be re-located and/or hired from the surrounding area - and surely will make nice salaries.
Since these executives and other staffers will be living in the area (in large part), they'll put their salary right back into the local economy (buying groceries, cars, houses, paying bills, etc...).
Most of those employees will put far more than the $181,250 back into the local/state economy over their tenure at GE.