Sun Sentinel: Businesses Getting Bigger Breaks to Move or Expand
media mentionBroward and Palm Beach counties have awarded millions of taxpayer dollars for company relocations or expansions in recent months, including two major deals completed in just the past two weeks.
Critics contend that the amount of money spent to lure employers is out of line. A 2013 report by the Institute on Taxation and Economic Policy, a nonprofit research institute, said states spend roughly $50 billion on tax incentives every year. But “evidence suggests that tax incentives are of little benefit to the states and localities that offer them, and that they are actually a drag on national economic growth,” the report said.