Total waste of time. The inner city is dead.
I don’t believe throwing good money after bad is a conservative idea.
See, that’s where you don’t understand the economics of the plan...
It’s NOT throwing good money after bad - it’s ONLY giving a tax cut IF a private business invests in the area AND makes a profit. In other words, it only rewards success, but does not subsidize any losing proposition. And it’s not a hand-out.
If a business thinks they can succeed in a high-unemployment area, and they invest AND they actually do succeed - then the Government would recognize that success by letting the business keep more of its money.
If the business fails? Nothing paid out from the Government. No money thrown at the failure.