My Comment To Tyler Mulligan

Just in case he fails to check the comment moderation on his post, When May NC Local Governments Pay an Economic Development Incentive?

"Mr Mulligan, you write of cash incentives but cash incentives are rare. Most incentives are in the form of tax exemptions, infrastructure improvements and real estate. How do those sorts of incentives differ from cash incentives and what are the rules governing their use?

Also, would a forgivable loan not be considered an incentive? How about a grant to a for profit business?

Of course, the biggest problem with these incentive packages is time. Take for instance the FedEx incentive package in Greensboro. Estimates vary from $150 Million to $300 Million in total incentives municipal, county and state combined and 1500 new jobs were promised with jobs being the primary public benefit. But now, 15 years later we learn that FedEx only employs 250 workers http://www.greensboroeda.com/site_selection/ti_subs/fedex.asp the same number of workers FedEx employed 15 years ago. The incentives paid for computers and robots to do all the work and after all this time everyone has forgotten who paid to build it all."