Indy Week: The Durham City Council Gave a Biotech Company $77,000. Here’s Why That’s a Bad Idea.
media mention“Indeed, the nonpartisan Institute on Taxation and Economic Policy concluded in a 2013 report that ‘tax incentives are rarely the deciding factor in whether a business chooses to hire or invest within a state’s borders.’ And a 2015 analysis by the policy resource center Good Jobs First of the state’s One North Carolina Fund found that large companies, such as GE, Smithfield, and Bayer, received the overwhelming bulk—95 percent—of the program’s resources between 2008 and 2013. These are billion-dollar operations that hardly need taxpayers’ help.”