You'd think that at some point someone would figure it out [View all]

[MissMillie]

Not just in Youngstown, but nationally. It's time to stop the tax-cuts, and instead offer tax incentives. Instead of trusting business to do what helps the economy, give them the cuts AFTER they do it.





These Companies Got Millions in Tax Breaks to Bring Jobs to Youngstown. They Created Next to None.

https://www.msn.com/en-us/money/companies/these-companies-got-millions-in-tax-breaks-to-bring-jobs-to-youngstown-they-created-next-to-none/ar-BB13XDin?ocid=spartanntp

When the American steel industry collapsed in the late 1970s, few places were hit as hard as Youngstown, Ohio, a manufacturing powerhouse with a bevy of hulking mills. It never really recovered, and today the city’s name is shorthand for postindustrial decline. Desperate for investment, local officials tried a tactic that municipalities around the country have also embraced: awarding millions of dollars in property tax breaks to companies promising new jobs.

But in Youngstown, those efforts have largely failed to deliver, an investigation by The Business Journal and ProPublica has found. The results are instructive for communities across the nation as they try in the coming months to cope with the crushing financial impact of the coronavirus epidemic. Ohio regulators, for instance, warn that so-called enterprise zone agreements should be “a tool of the last resort” for local communities because of the “far-reaching” effects of tax breaks.

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Ummmm. you take $1.5 million in a property tax cut, and then complain about infrastructure? Infrastructure costs money...