This is nothing NEW, even though many think of it as evil “Crony Capitalism”.
In 1864 (!!) the City of ELGIN, Illinois gave, donated, and handed over 35 acres of farmland to a budding watch company PROVIDED the comany name the brand ELGIN.
This “freeby payoff” resulted in a hundred years of growth and steady employment for the area, in addition to the financial benefit accruing from the wages of the employees.
Elgin to to be the LARGEST producer of watch movement in the industry’s history. Gone now, but an example of there being nothing new.
Learn something new everyday