I trust that Trump will make good decisions, don’t get me wrong, I just disagree with the message it sends.
Yes, local, state, and federal governments give tax incentives all the time, and businesses shop for the best deals. True, also, that infrastructure, highway access and a myriad of other considerations come into play.
I simply think that with this precident set, we may see an avalanche of business that are on the edge start to make noise and try to strong arm state and federal government, à la Al Sharpton, to get money out of those governments when they otherwise should have been left to fail on their own, here or in another country.
We may see that tsunami, and that’s why we need a deal maker. Deals must be made and those with leverage will get the better deals.
As the business environment improves the pendulum will swing and it will be in the companies interests to stay. That’s when Trump will have the leverage and requests for deals will fall off nationally. States & cities will still be competing for factories & businesses, so horse trading will continue.
$7 million tax incentive is a bargain of the century,
when you consider the jobs saved have a payroll of $50-65 million EVERY YEAR. Think about the benefits to local economy. It is said $1 payroll in manufacturing creates $6 in peripheral economic activity.