At Walgreen, renouncing corporate citizenship
It seems that localities are always looking to provide "incentives" for big business to come into an area—at the expense of existing small business—only to have them leave again when they get a better deal somewhere else. Would those millions have been better-spent by spreading it among existing small business to help them grow to provide those 500 new jobs?The state gave Walgreen $46 million in corporate income tax credits over 10 years in exchange for a pledge to create 500 jobs and invest in upgrading its offices. The state also provided $625,000 in training money and $875,000 in other tax incentives.
What say you all?