I once lived in a large city that routinely offered huge tax incentives to companies to move there and they were very successful. However, all the citizens ever saw was an increase in their taxes, prices at the store skyrocket, school systems hurt and a nightmare traffic jam all hours of the day. No thanks, Keep Amazon away from my small part of the world.
That is so true; the local taxpayers are forced to subsidize the new company, and it doesn’t pay off in terms of jobs. My town demonstrates what happens decades after companies leave; the legacy of huge police and fire departments, and massively expensive government workers (especially teachers), pushes property taxes north of $10K annually in a very average town sandwiched between Newark and Jersey City NJ (this is not a wealthy area). Nothing was cut back after those companies left; most towns here have volunteer fire departments, and we still have a large paid one to protect what is now desolate brownfields.